FORT LAUDERDALE AND WESTON, FLA.— West Palm Beach, Fla.-based NAI/Merin Hunter Codman has arranged the sales of the Port Royale Financial Center and a two-building office portfolio in Fort Lauderdale and Weston. A private investment group acquired Port Royale Financial Center, a 52,189-square-foot office building, from Port Royale Associates, for $13 million. The property is anchored by BB&T Bank and was 96 percent leased at the time of sale. Neil Merin of NAI/Merin Hunter Codman represented the buyer. Tom Brymer of Miami-based Brymer Realty represented the seller. The building is located at 6550 N Federal Way.
Boston-based Realty Associates Advisors purchased a two-building office portfolio, totaling 54,633 square feet, from 1040 Weston Road LLC and 1625 N Commerce Parkway LLC, for $15.3 million. Tenants of the buildings include Colonial Bank and Washington Mutual. Neil Merin was the sole broker. The building was 97 percent occupied at the time of sale.
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