$69.7M sale, $63.4M financing arranged for 200 East Broward in Fort Lauderdale

• JLL Capital Markets arranged the $69.7 million sale and $63.4 million financing of 200 East Broward Blvd., a 235,211-square-foot, 21-story Class A office tower in downtown Fort Lauderdale
• Banyan Street Capital sold the 75%-occupied asset to investment management group Grover Corlew
• JLL placed the three-year initial acquisition loan with BridgeInvest funding $46.2M at close. Thereafter, BridgeInvest will fund an additional $17.2M of loan proceeds for 100% of future TILC, Spec Suite and a transformative CapEx program and an additional two years of term.
• The property is the highest-quality office building on Broward Boulevard, positioned to benefit from Las Olas Boulevard's rapid growth and Fort Lauderdale's emergence as South Florida's premier commercial destination

MIAMI, Nov. 2, 2026 – JLL Capital Markets announced today that it has arranged the $69.7 million sale and $63.4 million financing ($46.2M at close) of 200 East Broward Boulevard, a 235,211-square-foot, Class A office tower located in the heart of downtown Fort Lauderdale's central business district.

JLL represented the seller, Banyan Street Capital, in the sale of the property to Grover Corlew, an investment management group. JLL also worked on behalf of the buyer to secure a three-year acquisition, lease up, and renovation loan through BridgeInvest, which provided the loan through BridgeInvest Credit Fund V LP, its flagship discretionary fund, which has raised over $600M of LP equity to date, with a target over $1B. Danny Alvarez, Director, and Luke Wheatly, Associate, led the loan origination on behalf of BridgeInvest.

Built in 1992 and renovated in 2017, 200 East Broward Blvd. comprises 21 stories of institutional-quality office space with 532 structured parking spaces across two garage structures. The property is 75% leased to a high-quality tenant roster, including Greenspoon Marder and PNC Bank and offers on-site amenities, including a café and conference facilities.

The property is positioned on 1.4 acres at 200 East Broward Blvd. and provides exceptional connectivity with immediate highway access, Brightline rail connectivity and a Walk Score of 97 with numerous dining options within walking distance. 200 East Broward Blvd. also benefits from Fort Lauderdale's historic transformation and position as South Florida's premier commercial destination. Fort Lauderdale is recognized as the #1 emerging tech market in the United States, with over $20 billion in development currently in the pipeline.

JLL's Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Hermen Rodriguez, Managing Director Ike Ojala, Senior Director Matt McCormack and Associate Hunter Smith.

JLL’s Debt Advisory team representing the borrower was led by Senior Managing Director Paul Stasaitis and Analyst Magnus Kron.

"This transaction represents a significant milestone for downtown Fort Lauderdale's office market and validates the institutional investment community's confidence in the city's transformation into a global commercial hub," said Rodriguez. "200 East Broward Boulevard is the premier office asset on Broward Boulevard, offering tenants institutional-grade space at a compelling discount to Las Olas Boulevard while maintaining a downtown location with exceptional connectivity and amenities. The building's recent anchor tenant renewals, combined with Fort Lauderdale's explosive growth, position this asset to capture substantial value creation as the Las Olas corridor's rapid appreciation extends to adjacent submarkets."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of September 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Banyan Street specializes in investing, transforming and managing premium real estate assets, including office, parking and multi-family properties across key U.S. markets. Its investment portfolio has been developed with a common perspective to empower best-in-class talent to discern and execute strategies that ignite value, foster growth and deliver reliable returns.

Real estate veterans with a proven track record of more than 100 years of combined industry experience lead Grover Corlew in acquiring, developing and managing office and multifamily properties across the southeastern U.S., with a focus on Florida. The Grover Corlew team has developed, owned and managed 10,000+ units and more than 10 million sq. ft. of commercial space, taking a personalized approach to investor and tenant relationships, which has attracted corporate headquarters to Grover Corlew signature buildings. The company is actively developing new projects that will continue to help revitalize and stimulate local communities. To find out more about Grover Corlew visit grovercorlew.com.

Founded in 2011, BridgeInvest is a national real estate credit specialist focused on middle-market senior secured commercial real estate loans in the United States. The firm combines national sourcing capabilities with in-house origination, underwriting, execution and asset management to provide customized financing solutions to borrowers and differentiated real estate credit exposure to investors. BridgeInvest seeks to generate attractive, risk-adjusted returns through diversified development and lease-up lending across asset classes within the U.S. real estate debt market. For more information, visit www.bridgeinvest.com.