131,791-SQUARE-FOOT OFFICE/WAREHOUSE SELLS FOR $4.8 MILLION IN FLORIDA

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FORT LAUDERDALE, FLA. — Cabot III – FL2W04&W05 LLC has acquired Cypress Creek Industrial Park, a two-building property located at 6500 and 6600 NW 12th Ave. in Fort Lauderdale. Liberty Property Limited Partnership sold the 8.7-acre, 131,791-square-foot office/warehouse property for $4.8 million or $36.42 per square foot. At the time of closing, the property was 85 percent leased. Current tenants include Men's Warehouse, US Remodeler's, Professional Services Industries and Alcatel-Lucent. Scott O'Donnell, Dominic Montazemi, Kirk Nelson and Miguel Alcivar of CB Richard Ellis represented the seller in the transaction.

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