| Acquisition Date: |
October 2006 |
| Project Size: |
40,000 square feet |
| Acquisition Cost: |
$6 million |
Acquisition Cost
per SF: |
$150 |
| Major Tenants: |
Camp Dresser & McKee |
Deal Highlights:
Mainstreet and its joint venture partner acquired this office building, together with Park Center, after two other buyers failed to close. The seller was motivated to dispose of this asset as they were focusing on larger high-rise assets.
Cypress Plaza is a 3-story, Class B office building located in the Cypress Creek submarket of Fort Lauderdale, and is currently 98% leased.
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