In a significant move for the legal community in Fort Lauderdale, Conrad & Scherer LLP is set to relocate its offices to a new location south of the New River. This comes after a company affiliate, managed by John J. Scherer, purchased a prime property for $10.2 million.
The deal involved three office buildings located at 604 and 614 S. Federal Highway, plus 608 and 614 S.E. Sixth St. Together, they offer a combined 26,300 square feet of space. The purchase was made by 614 S Federal Highway LLC and 1100 Ponce LLC, with financing provided by Fort Lauderdale-based Locality Bank, which issued a $6.21 million mortgage. The price tag of $388 per square foot reflects the rising value of real estate in the area—the site last sold for just $4.53 million in 2018, meaning it more than doubled in value in just a few years.
The buildings themselves have a bit of history, dating back to the 1950s and 1980s. Despite their age, the properties were described as “turnkey,” meaning they’re ready to go without needing significant renovations—a big plus for Conrad & Scherer. The law firm plans to occupy 10,000 to 12,000 square feet in the southern building, while the remaining space will be leased out to other tenants.