Headquarters sales: City Furniture - Deal Spotlight

South Florida CEO, August, 2002

Headquarters sales: City Furniture sold its 179,00-square-foot former headquarters and distribution center in Sunrise's International Corporate Park to New Jersey-based Victory Investment Group for $746.95 million Mayor's Jewelers' 133,000-square-foot headquarters at 14051 NW 14th Street in Sunrise was purchased by International Bullion and Metal Brokers Inc.

of New York for $5.6 million Mayor's which has a six-month lease to stay in the building had tried to sell it for $8.5 million in 2001. Songy Partners Limited (of Atlanta) purchased Sensormatic Electronic's former headquarters on Yamato Road in Boca Raton, for $9.5 million (Sensormatic paid $7.8 million for the building in 1995). Songy, will reconfigure the 150,000-square-foot structure for multiple-tenant use. In Miami Lakes, Security Plastics sold its former headquarters to Time Equities of New York for $4.24 million. The 105,871-square-foot space is located at 14429 NW 60th Ave. The Graham Companies also purchased an adjacent 1.25-acre site for $300,000.