Industrial / Distribution
OAKWOOD BUSINESS CENTER
Square Footage: 141,000
Cost: $15 Million
Location: Hollywood, FL
Key Features: Central Broward location | Proximity to Ft. Lauderdale International Airport | Proximity to two interstate highways
Firms Role: Developer, Leasing, Property Management
Oakwood Business Center is a business/office/distribution facility comprised of three one and two-story buildings totaling 141,000 square feet. It is contiguous to Oakwood Plaza and shares the excellent visibility provided by its location adjacent to Interstate 95. The center is situated on 11 acres of landscaped grounds. Its most important attribute as an office/warehouse/distribution center, however, is its central Broward County location. It offers immediate access to I-95, is strategically located ten minutes from Fort Lauderdale, thirty minutes from Miami, five minutes from Fort Lauderdale International Airport, and five minutes from I-595.
Swerdlow Group acquired the building through an affiliated real estate company and demolished the interior space for redevelopment. The single tenant in the building, Bally’s Health Club, occupied approximately 36,000 square feet and continued to operate during the demolition. The building had large open floor plates, potential for 20-foot clear heights, and was ideally suited for “big-box” retailers or use as a corporate headquarters for a large company looking to relocate in Miami.
Swerdlow sold the building in an unfinished state to a retail developer. The location is currently a very successful shopping center.