Mainstreet Capital Partners
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Park Center
Fort Lauderdale, FL


Acquisition Date: October 2006
Project Size: 119,000 square feet
Acquisition Cost: $20.9 million
Acquisition Cost
per SF:
$176
Major Tenants: Citrix Systems, Morse Operations

Deal Highlights:

Mainstreet acquired this 5-story Class A office building as part of a two-building portfolio. It was 97% leased.

Park Center is located in the Cypress Creek submarket of Fort Lauderdale. Cypress Creek is the second largest submarket in Broward County after the Fort Lauderdale Business District, and contains almost 15% of space in the county with more than 7.6 million square feet.

 
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