June 7, 2017 Comments Off on Rockefeller, Stiles JV Sells LUX MF for $134M Views: 458 Florida, National News, Southeast

Rockefeller, Stiles JV Sells LUX MF for $134M

A joint venture of New York-based Rockefeller Group and South Florida-based Stiles sold Amaray Las Olas, a new 30-story luxury apartment tower in downtown Fort Lauderdale, FL. The property was acquired for a reported $133.55 million by Amaray Las Olas by Windsor, managed by Boston-based GID Investment Advisers.

Rockefeller’s John Petricola says, “Amaray Las Olas set a new benchmark for the market, as evidenced by the speed of the leasing program, which we attribute to its spectacular location, authentic and singular design and its luxury lifestyle amenities.”

The new 254-unit development was completed in 2016 and is located at 215 SE 8th Ave., one block from the highly-coveted Las Olas Boulevard dining and shopping corridor. Amaray Las Olas is comprised of studios, one, two and three-bedroom apartments, with protected city and ocean views.

Cushman & Wakefield’s Robert Given, Zach Sackley, Troy Ballard and Neal Victor represented the sellers.

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