The Jim Moran Foundation Acquires 2.43 Acre Office Development Site in Fort Lauderdale for $9.8 Million from Cargroup LP
The Jim Moran Foundation has acquired a 2.43 acre office development site in Fort Lauderdale for $9.8 million from Cargroup LP.
The Jim Moran Foundation, founded by the late automotive magnate Jim Moran, has acquired a 2.43 acre office development site in Fort Lauderdale for $9.8 million from Cargroup LP. The property is located at 4545 North Federal Highway and is expected to be developed into a Class A office building.
The site is well-located in the heart of Fort Lauderdale’s business district, with easy access to major highways and public transportation. The property is also close to a variety of amenities, including restaurants, shops, and hotels, making it an attractive location for businesses looking to attract and retain top talent.
The deal was brokered by XYZ Realty, a leading commercial real estate firm in the Fort Lauderdale area. According to XYZ Realty, the property generated strong interest from a variety of potential buyers, including developers and investors.
The Jim Moran Foundation is a non-profit organization that supports a variety of charitable causes, including education, healthcare, and youth development. The foundation was established by Jim Moran, who was a prominent figure in the automotive industry and a well-known philanthropist.
Cargroup LP is a real estate investment firm that specializes in the acquisition and development of commercial properties. The firm has a strong track record of success in the Fort Lauderdale market, having completed a number of high-profile deals in recent years.
Overall, the acquisition of this office development site by The Jim Moran Foundation is a significant transaction in the Fort Lauderdale commercial real estate market. The property’s prime location and potential for development make it an attractive investment opportunity for the foundation, which is committed to supporting the local community through its charitable work.