One Financial Plaza

Fort Lauderdale, FL 2017-2019
CASE STUDY

Returns

BACKGROUND

  • 28-story, 283,000 SF office tower located in the heart of Downtown Fort Lauderdale

  • Acquired Class A trophy tower at a 44% discount to replace cost

Execution

  • Completed a $2MM renovation of the building’s exterior consisting of additional retail space, hardscape improvements and reorientation of the building’s primary entrance

  • Separated a 2.0-acre land parcel from the office property, which was sold for future development during ownership

  • Extended multiple leases resulting in a 35% increase in the property’s weighted average lease term