September 15, 2016 Comments Off on Gladstone Pays $24M for Citrix Fort Lauderdale Office Views: 640 Florida, National News, Southeast

Gladstone Pays $24M for Citrix Fort Lauderdale Office

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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