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PRESS RELEASE: Jacobs Real Estate Advisors sells Taft Office Complex

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Published by: Bisnow Miami

Recently Michael and colleague John Crotty repped LNR in its sale of the 62k SF Cypress Creek Tower, a five-story office building at 800 West Cypress Creek Rd in Fort Lauderdale to COLE International Investments. The property sold within six weeks on the market. “Investors have taken note of South Florida’s strengthening office market to bolster their portfolios,” Michael added. The duo earlier oversaw the sale of the 92k SF Courthouse Commons in West Palm Beach.

The four-story, 50k SF office building is the last and largest of nine office buildings to be sold from the Taft Office Complex, which spans several blocks from 6363 to 6565 Taft St. Built in the late 1980s, the building is 90% occupied, with Infinity Insurance, City College and the US government as key tenants.”

To learn more about Jacobs Real Estate Advisors and JREA Management, visit our companies online at www.jreamanagement.com and www.jacobsrea.com. For more detailed information and to find out about our services contact our corporate office at (212) 868-1234.

ABOUT JACOBS REAL ESTATE ADVISORS COMPANY

Jacobs Real Estate Advisors, a New York based real estate investment firm is renowned for its portfolio of above market performing properties as well as its active management techniques. The company’s growing portfolio includes hotel and commercial properties throughout the United States. Jacobs is best known for its family values and its commitment to investors. JREA Management is the management arm for its sister company Jacobs Real Estate Advisors. JREA Management exclusively manages Jacobs Real Estate Advisors properties, this close relationship ensures that investors, employees, and the portfolio exceed expectations. These privately held companies have over a decade of investment and management experience, with the staffs experience spanning the last quarter century.!

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