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Fairlead CRE Pays $21M for Deerfield Beach Office

AIG Sells 173,000-SF Bldg
By Michael Lane
December 1, 2015 | 4:49 P.M.

American International Group (AIG) Life Assurance Co. sold the 800 Fairway building at 800 Fairway Dr. in Deerfield Beach, FL to Fairlead Commercial Real Estate LLC for $20.75 million, or about $120 per square foot. Built in 1987, the 172,508-square-foot office building sits on 10 acres with an adjacent 1.8-acre vacant lot included in the sale. The asset was 79 percent occupied at the time of sale, and features an on-site cafe, secured parking, atrium lobby, gym, exterior signage, and walking paths.

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