Related Ross drops $37M on Coral Springs office
Related Ross has acquired the Coral Springs office campus of payments processor Fiserv for $36.5 million in a sale-leaseback deal. Records show CS Office Owner, an affiliate of Related Ross, bought the 21.8-acre site at 4000 Coral Ridge Drive, 3975 Northwest 120th Avenue and 11900 Northwest 41st Street from an affiliate of Fiserv. The deal includes $18.3 million of seller financing, according to real estate database Vizzda. Fiserv holds a lease running through March 2029, according to Vizzda. The properties include a two-story, 108,000-square-foot building built in 1999 and a one-story 98,000-square-foot building built in 1965, according to Vizzda. The […]This article originally appeared on The Real Deal. Click here to read the full story.
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