News

10 Aug 2016

SunTrust Bank Sells Namesake Office Complex For $90 Million

FORT LAUDERDALE, FLA. – Sun-Trust Bank has sold SunTrust Center, a two-building, 270,000-square-foot office complex located at 501 and 515 E. Las Olas Blvd. in Fort Lauderdale.

03 Jul 2016

Office complex sells for $86.5M

Steelbridge Capital has acquired SunTrust Center, a 270,000-square-foot office complex in downtown Fort Lauderdale, for $86.5 million, property records show.

01 Jul 2016

Despite Challenges, SunTrust Center Trades For $90M

Located at the crossroads of the Central Business District and the mile-long stretch of commerce along Las Olas Boulevard, SunTrust Center is a rare asset to come to market.

30 Jun 2016

SunTrust Complex Sells for $90 Million in Fort Lauderdale

Steelbridge Capital managing principal Michael Manno is banking on Fort Lauderdale’s real estate market catching up to Miami.

30 Jun 2016

Bank sells downtown Class A office center for $90M

Steelbridge Capital acquired the 270,000-square-foot SunTrust Center office complex on Las Olas Boulevard, the most expensive address for Class A office space in Fort Lauderdale.

30 Jun 2016

SunTrust Bank Sells Namesake Office Tower

Steelbridge Capital, a value focused real estate investor, completed the acquisition of SunTrust Center, an institutional quality two-building Class A office complex spanning 270,000 square feet at 501 and 515 East Las Olas Boulevard in Ft. Lauderdale, for $90 million.

31 May 2016

500 Davis sells for $18 million

The 10-story office building at 500 Davis St. in Evanston has sold for $18 million — about 21 percent above its last sale price a little over two years ago.

31 May 2016

Evanston office building sells for $18 million

A Chicago real estate investment firm paid $18 million for a 10-story office building in Evanston, betting that a dearth of space in the northern suburb will continue pushing up rents.

16 Jan 2016

Daily Business Review – 88 Percent Sale Premium in Aventura

Steelbridge divests an Aventura office building for nearly twice its original purchase price after a three-year hold.