Alliance Partners HSP, a Bryn Mawr, Pennsylvania-based real estate investment and operating company, announced the acquisition of One Financial Plaza, a 282,000 square foot Class A office property in Fort Lauderdale, Florida. The transaction marks Alliance’s third acquisition in Southeast Florida since expanding its portfolio to the region in 2017, furthering the firm’s commitment to making strategic investments in high-growth markets.

“With the acquisition of One Financial Plaza, Alliance is delivering on our strategy to invest in projects that are positioned to capitalize on the demographic and economic growth of Southeast Florida,” said Peter Derrico, Managing Director of Acquisitions for Alliance. “In addition, One Financial Plaza is located in one of the few urban, walkable, transit-oriented environments in Southeast Florida, which is in keeping with our macro strategy of investing in properties with those attributes.”

With the acquisition, One Financial Plaza joins Alliance’s portfolio of seventeen properties across the Eastern United States. Additional properties located in Southeast Florida include Golden Bear Plaza, a three-building office complex in Palm Beach Gardens, and 1601 Hill Avenue, a warehouse facility in Mangonia Park.

“With personnel based in Southeast Florida, we have been able to bring our hands-on operating focus to the market, which is a core philosophy of Alliance,” said Ira Bergstein, Director of Leasing for Alliance. “Continuing with our strategy of aggressively expanding in Southeast Florida, the addition of One Financial Plaza will enable us to expand our team and we will begin recruiting for a candidate to fill that role very soon.”

Located at 100 SE Third Avenue, One Financial Plaza includes a modernized lobby, fitness center and conference facility. In addition, the building is currently undergoing renovations to the façade and building entrance, including approximately 2,500 square feet of new street-level retail, which will further enhance the tenant experience.

Since Alliance’s inception in 2009, the company has acquired, developed and redeveloped over $1.5 billion of office, industrial, and retail properties in major markets including Philadelphia, Chicago, Nashville, Charlotte, Tampa, and more.

ABOUT ALLIANCE PARTNERS HSP

Founded in 2009 by Clay Hamlin, Jay Shidler and Richard Previdi, Alliance Partners HSP is a private real estate investment and operating company focused on opportunistic and core plus investments in commercial properties located in the Eastern and Central United States.http://www.alliancehsp.com/