Equity Source: Archon Core Plus Real Estate Fund

Building value through the acquisition, development, financing, and disposition of commercial real estate, Archon Core investments seek acquisition opportunities that generate immediate and sustainable cash flow and strong in-place yields. Class A properties in major metropolitan areas with high occupancy, a creditworthy tenant base, and minimal near term lease rollover are targeted. Archon Commercial offers expedited due diligence and closing timeframes.

Property Name Radice Corporate Center II City Ft. Lauderdale State FL Size 121,207 SF Year Built 1985 Click on Image

Radice Corporate Center II Details » Class A, seven-story suburban office building located in the Cypress Creek submarket of Fort Lauderdale, Florida » Substantial renovations were completed on the common areas over the last two years. » The asset was well positioned to compete with competitive properties and benefits from the unique office park setting and hotel as well as the onsite deli, all of which contribute to high historical tenant retention ratios. » Strategy focused on backfilling vacancy left by large tenant which occupied 18,000 sf on the fourth floor of the building. » Archon role: Acquisition, Asset Management, Oversight of External Leasing and Property Management.