Boca investor picks up discounted Fort Lauderdale office building for $70M

Boca-based Grover Corlew picked up a downtown Fort Lauderdale office building for $69.7 million, a 14 percent discount from its last sale. The real estate investor, led by Anuj Grover and Mark Corlew, bought the building at 200 East Broward Boulevard from sellers Banyan Street Capital and Oaktree Capital Management. The joint venture paid $81.5 million for it in 2017, marking a loss on the most recent sale. The building has 235,110 square feet of offices, according to a listing, meaning the deal worked out to about $296 per square foot. Miami-based lender BridgeInvest provided a $63.4 million loan. The […]

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