Ten Capital Management and Somerset Properties acquire largest iconic office building in Broward County, Fla.

Ten Capital Management has completed the acquisition of Bayview Corporate Tower located at 6451 North Federal Highway in Fort Lauderdale, Fla. Somerset Properties is a co-general partner on the transaction.

The financial terms were not disclosed.

The class A office building is in the Cypress Creek submarket of Broward County. The property was recently renovated, with more than $4.8 million in base building improvements over the past three years, and features flexible floorplates that can accommodate tenant requirements ranging from 1,500 square feet to expansive, contemporary plans as large as 33,500 square feet. Onsite amenities include a cafe, conference center, fitness center, amenity lounge, outdoor picnic area, and onsite security and management. The property offers a parking ratio of 5.0 stalls per 1,000 square feet in an adjacent five-story structured parking garage and is located close to various dining and retail amenities, and high-end residential development