September 15, 2016
Gladstone Commercial Corp. bought a five-story, 119,224-square-foot office building in Fort Lauderdale, FL for $23.9 million. Citrix occupies the entire building through a triple-net lease. Citrix has occupied the asset since 1997; the building, in fact, is adjacent to the company’s headquarters at 851 Cypress Creek Road. The seller was not disclosed.
“This acquisition marks our third acquisition in the South Florida market, which continues our strategic expansion into both primary and strong secondary markets in the U.S.,” said Buzz Cooper, senior managing director of Gladstone Commercial.
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