Skip to main content Skip to footer

Colliers Facilitates Sale of Office Building in Fort Lauderdale for $3.125M

Colliers South Florida’s Urban Core Division represented the seller and buyer in the sale of the 11,171 SF two-story office building.

FORT LAUDERDALE, FL, June 22, 2022 – Colliers closed on the sale of a two-story office building located at 1001 South Andrews Avenue in Fort Lauderdale, FL. Colliers South Florida’s Urban Core Director Bradley Arendt represented the seller, Write Stuff Enterprises, and the buyer, Fazio Properties, LLC., in the transaction. The property consists of an 11,171 SF office building situated on a 28,124 SF lot. 

“Fort Lauderdale’s market continues to flourish, we continue to see increased demand not only for development properties but for income-producing assets,” said Arendt. “We’re pleased to have assisted the buyer and seller in achieving the ultimate deal scenario within a brief timeline. The property generated significant interest, and we’re thrilled to have reached an agreement before the property went to market.”

The seller, Write Stuff Enterprises, is a leading publisher of corporate history and company anniversary books founded by Jeff Rodengen in 1986. 

The buyer, Fazio Properties, LLC., owns and manages several commercial and residential development properties throughout South Florida, making the purchase a perfect fit in their existing portfolio. Fazio Properties is a family-owned and operated real estate development and management company based in Downtown Fort Lauderdale. They will not be occupying the newly acquired office building and plan to use it for investment purposes solely. The property is located in the regional activity center (RAC) and provides very liberal zoning, offering a myriad of other uses and the potential for redevelopment in the future.

As a widespread return to office gains momentum in the second quarter of 2022, the confidence in office investments also rises. Investments in income-producing office product picked up significantly throughout 2021 and well into 2022, particularly in the highly sought after South Florida market, where office sales volumes in 2021 broke records. While institutional investors exercise caution due to uncertainties around inflation and rising interest rates, private investors remain ready to deploy capital. South Florida remains well-positioned to attract these investors due to its office supply-demand imbalance and rising rental rates.

Related Experts

Bradley Arendt

Director - Urban Core

Fort Lauderdale

As a member of the firm’s Urban Core division, I focus on all product types in dense urban areas throughout South Florida. 

I use my extensive background in mortgages, real estate investments, property acquisitions, management, and auctions to assist clients with their brokerage and business development needs. 

Prior to joining Colliers International South Florida, I was with Realty Masters Advisors (RMA) of Fort Lauderdale, where my team and I made a name for ourselves during the real estate downturn, having transacted over $500M worth real estate statewide. Most notably the Naples Square project, whereby I put together joint venture to purchase the 20-acre mixed-use downtown Naples development site from Regions Bank. Other notable transactions include: the Riverbend Walmart site on Broward Boulevard, several Flagler Village multi-family sites, a prime re-development project on Federal Highway in Fort Lauderdale and many other income-producing east Broward assets.  

Prior to moving to South Florida in 2010, I was on a business development team in the Chicago office of Sheldon Good & Company. Our team focused on the accelerated disposition of assets during the real estate downturn of primarily excess developer inventory within condominium, townhome, and single-family projects all throughout the eastern half of the country, totaling more than $50 million.

In 2004 I was integral part of a boutique start-up real estate investment company which focused on the buying and selling of residential properties in Florida, Illinois, California and Arizona.

I am licensed in Florida and Illinois as a real estate broker and a member of the National Association of REALTORS®.

View expert