| 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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