Link Real Estate’s South Florida portfolio just got a little lighter after the Miami-based firm sold a Fort Lauderdale building for $19 million.
A Link affiliate sold The Glass Shop, a three-story office and retail building at 105 North Federal Highway, to North Miami Beach-based Jewish Culture High School, records and real estate database Vizzda show. The buyer obtained a $12.9 million mortgage from FirstBank Florida.
The deal breaks down to $525 per square foot.
In 2019, the same year the 36,193-square-foot building was completed, Link paid $7.4 million for the 0.3-acre site, records show. The property’s 30,000 office component was previously leased to Bond Collective, a New York-based firm providing co-working spaces.
Officials for Jewish Culture High School, led by Rabbi Aharon Assaraf, did not respond to a request for comment on whether The Glass Shop will be used as a new Fort Lauderdale campus. The mixed-use building was Link’s only Fort Lauderdale commercial asset, according to the firm’s website.
Led by CEO Dan Arev, Link focuses on renovating and converting older commercial buildings for office and retail use.
Last year, Link and its partner, Miami-based Jameson Equities, sold The Print Shop, a three-story office and retail building in Miami’s Wynwood neighborhood. An entity tied to Rod Feldman’s New York-based Tri-Star Equities paid $19 million for the property.
In 2022, Link sold an 8,300-square-foot retail building in Wynwood for $9.2 million to Colombian investor Jorge Mattos, records show. Link still owns three other commercial buildings in Wynwood.
In other recent Fort Lauderdale commercial deals, social media influencer Patrick Bet-David last month picked up an office building and plane hangar at 1200 and 1400 Northwest 62nd Street for $25 million.
In August, software company Citriz sold its Fort Lauderdale headquarters for $37 million in a leaseback deal. An entity tied to Maksim Slyusarchuk, founder and CEO of mortgage lender A&D Mortgage and mortgage investment fund Imperial Fund, bought the two-building Citrix campus at 851 and 899 West Cypress Creek Road.
