LFC's Online Auction of Ft. Lauderdale Riverfront Commercial Condominiums Attracts Strong Buyer Interest

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The LFC Group of Companies' latest online auction campaign for the five remaining business condominiums in downtown Fort Lauderdale's NuRiver Landing is off to a great start, with a tremendous response from buyers.

It's a matter of getting the most attention, standing out from the rest– that's what our online auction does. Sellers can reach a much larger pool of buyers than ever before, and those buyers are drawn to the prospect that there is a deal to be had.

The LFC Group of Companies' latest online auction campaign for the five remaining business condominiums in downtown Fort Lauderdale's NuRiver Landing is off to a great start, with a tremendous response from buyers. In fact, there have been over 1,300 clicks to the property web page since the auction launched. With minimum bids as low as $199,000, nearly 70 percent less than the previous asking prices, this auction represents an incredible opportunity to purchase prime property in the city’s newest riverfront building.

The business condominiums at NuRiver Landing are some of the most desirable in all of Fort Lauderdale, due largely to both the scenic location along New River and the building's first-rate amenities. Owners enjoy access to the Meditation Garden, Club Room and serene rooftop pool, all of which overlook the riverfront and nearby park while offering stunning panoramic views of the expansive city. NuRiver Landing also features a two-story state-of-the-art Fitness Center with indoor racquetball and basketball courts, full-time concierge, covered garage parking and 24 hour controlled access. To top it all off, a limited number of city-owned deep water boat slips are available for lease.

Although landlords continue to offer tenants incentives to remain in their lease, the benefits of owning a unit in NuRiver Landing, at a price determined by fair market bidding, have convinced many buyers to own rather than lease.

"It's a tough market out there and those willing to step outside the box will have a better chance of success," said Shawn Miller, LFC's Director of Sales. "It's a matter of getting the most attention, standing out from the rest– that's what our online auction does. Sellers can reach a much larger pool of buyers than ever before, and those buyers are drawn to the prospect that there is a deal to be had."

The condos range in size from +/-1,714 to +/-4,510 square feet. Interested bidders are encouraged to visit http://www.LFC.com/778R3 to view property documentation and conduct due diligence prior to bidding. Broker participation is offered. The bid deadline is October 29, 2009.

LFC Group of Companies
For more than 30 years, the LFC Group of Companies has served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction-marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $5 billion. The company's latest venture is the online auction of mortgage notes.

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James Gerber
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