Steelbridge Closes Largest Ft. Laudy Office Deal Since 2015
BySteelbridge Capital plans a multi-million dollar renovation of the iconic complex that spans a full city block.
SunTrust Center
Miami—Steelbridge Capital recently completed the acquisition of SunTrust Center, a 270,000-square-foot Class A office complex in Fort Lauderdale for $90 million, or roughly $330 per square foot. This marks the largest office building deal in the city since 2015.
At the time of the sale, the property was 77 percent leased. As part of the transaction, the seller, SunTrust Banks Inc., committed to long-term retail and office leases in both buildings.
CBRE South Florida Capital Markets Team comprising of Christian Lee, Amy Julian and José Lobón, arranged a $75.4 million loan on behalf of Steelbridge Capital through The Blackstone Group to finance the acquisition of the asset. Lincoln Harris represented the seller…
Steelbridge Closes Largest Ft. Laudy Office Deal Since 2015
