Deutsche Asset & Wealth Management acquires Las Olas Centre in Fort Lauderdale
Deutsche Asset & Wealth Management’s (DeAWM) real estate investment business has acquired 350 and 450 East Las Olas Boulevard, Fort Lauderdale, Florida on behalf of one of its clients.
The property, consisting of two towers, offers 468,000 square feet of office and retail space in the central business district.
The centre occupies approximately 3.4 acres and 600 feet of frontage on Las Olas Boulevard in Downtown Fort Lauderdale.
The project, certified LEED Gold with the US Green Building Council, is one of very few options for trophy quality Class A office space in a desirable location due to walking distance to shopping, restaurant and entertainment precincts, as well as proximity to airports, highways and executive housing.
“Las Olas Centre is a great addition to our portfolio. We believe Las Olas Centre is the premier office asset in the market with exceptional amenities including its retail tenancy. Our view is that the buildings' improvements and central location in the Fort Lauderdale CBD will continue to attract top tier tenants at market leading rents - positioning the property to deliver strong long term returns for our client,” says Todd Henderson, head of real estate, Americas at Deutsche Asset & Wealth Management.
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