KBS Realty Advisors has purchased the two Weston Corporate Center buildings in Broward County for a combined $46.75 million. The twin buildings, located at 2700 S. Commerce Parkway and 2500 Weston Road, combine for a total of 149,103 square feet and traded for $314 per square foot. The seller, BlackRock Realty Advisors, bought the two buildings in 2005 for $34.5 million. The fully-leased assets were completed in 1998.
“We believe Weston Corporate Center I & II’s central location in the amenity-rich region of Broward County is irreplaceable and is an attractive draw to tenants,” said KBS Regional President Marc DeLuca. “The property’s desirable location has attracted an elite mix of tenants, including GSA, Wells Fargo, Ricoh, DHL, Raymond James and Boston Scientific.”
