Avison Young to lead bankruptcy sale of a rare fee simple property with direct executive airport access and industrial zoning in Fort Lauderdale, Florida

Two-parcel offering includes class A office, private aircraft hangar, and direct runway access to the Fort Lauderdale Executive Airport

Fort Lauderdale, Fla. – Avison Young’s Florida Capital Markets Group has been exclusively retained to facilitate the bankruptcy sale of the FXE Gateway Complex, a two-parcel, ±10.74-acre offering located at 1200 & 1400 NW 62nd St. in Fort Lauderdale, Florida, with direct runway access to the Fort Lauderdale Executive Airport. The property includes a 20,150-square-foot class A office building with an attached 18,048-square-foot private hangar that can accommodate up to four planes, a luxury 2-bedroom/2-bathroom apartment overlooking the runway, and a prime development opportunity for fee simple-owned land with industrial zoning allowing additional airplane hangars and industrial development.

“With only a handful of privately-owned, direct-access properties at the Fort Lauderdale Executive Airport, the FXE Gateway Complex represents a rare and unique opportunity to own a luxury class A office building that allows executives to move from the boardroom to the sky in minutes,” said Avison Young Principal John K. Crotty, CCIM, one of the lead brokers appointed for the sale based on his team’s extensive experience with bankruptcy deals. “The office component has been completely rebuilt with a high-end finish level rarely seen in Ft Lauderdale and suitable for the most prestigious high-net-worth jetsetters.”

Alongside Crotty, Avison Young Principals Michael T. Fay, who is also Chairman of the U.S. Capital Markets Executive Committee and Managing Director of the firm’s Miami operations; David Duckworth; Brian C. de la Fé; and Associate Philip Shapiro will spearhead the sale of the asset, which will be delivered fee simple and clear of any liens. B. Riley Advisory Services Senior Managing Director Carol Fox serves as the liquidating trustee. 

“We were tapped to sell the FXE Gateway Complex due to our continued success working with the courts and receivers advising on complex litigation matters and bankruptcy sales,” said Fay.

Centrally located in the Uptown Business District, the Fort Lauderdale Executive Airport supports a variety of aviation needs and serves as a bustling hub with heavy general aviation traffic and international arrivals clearance.

“The FXE Gateway Complex offers an outstanding development opportunity for industrial and aviation-related buildings,” said Duckworth. “Both industries are facing an unprecedented shortage of product as our market continues to grow and attract the ultra-wealthy.” 

The Fort Lauderdale Executive Airport is an expanding airport servicing 200,000 visitors annually while providing a $3.9 billion economic impact to South Florida. The airport plans to extend the runway from 6,000 ft to 7,000 ft to accommodate larger jets that can provide non-stop service to a larger span of geographic regions.