Related Ross Buys 3-Building Office Campus in Coral Springs

Published: April 21st, 2026 | Updated: May 13th, 2026

The South Florida-focused developer just made its first Broward County acquisition with a 21.8-acre office campus in Coral Springs. Here's why the sale-leaseback structure and the size of the land suggest this is a longer-term play.

Key Takeaways

Related Ross paid $36.5 million for a three-parcel office campus in Coral Springs Corporate Park.
Fiserv remains a tenant through March 2029, providing Related Ross with income while planning what comes next.
This is Related Ross's first public move into Broward County after focusing on Palm Beach County since 2024.

Related Ross acquired a three-parcel office campus in Coral Springs for $36.5 million in a sale-leaseback deal. The seller, Fiserv (a major payments processor), remains a tenant through March 2029, providing Related Ross with immediate income and 3 years to plan for what comes next. The deal includes $18.3 million in seller financing.

What did Related Ross acquire?

The acquisition includes three parcels totaling 21.8 acres at 4000 Coral Ridge Drive, 3975 NW 120th Avenue, and 11900 NW 41st Street in Coral Springs Corporate Park. The campus includes a two-story, 108,000-square-foot building from 1999, a one-story, 98,000-square-foot building from 1965, and 2.1 acres of vacant commercial land.

As Larry Mastropieri noted on the Discover South Florida Podcast: "He's just taking it all down. That's really what it looks like. When you look at the parcels and the size of the land, this is clearly a longer-term play, not just a simple acquisition."

The 1965 building is a likely candidate for future demolition and replacement with higher-density use. The 2.1 acres of vacant land offer immediate infill potential. The 1999 building is modern enough for renovation or repositioning.

Why does the deal structure matter?

The sale-leaseback structure means Related Ross collects rent from Fiserv through March 2029 while holding the land for future development decisions. The $18.3 million in seller financing preserves liquidity while interest rates remain elevated.

As Larry explained: "The seller financing piece is interesting because it's a capital-efficient move. It allows them to preserve liquidity, especially in a higher-interest-rate environment. That's something we look at as well when structuring deals."

This mirrors Related Ross's playbook in Palm Beach County. In 2025, they used the same sale-leaseback structure to acquire WPTV's studio and office building in West Palm Beach for $40 million, with Wexford Real Estate Investors and Key International.

Considering commercial or residential investment in Broward County? Talk to a Coral Springs real estate agent who understands how institutional acquisitions affect local property values. Reach out to The Mastropieri Group or call (954) 710-6504.

Why Coral Springs and why now?

Related Ross was spun out of the New York-based Related Companies in 2024 to focus exclusively on South Florida. Its portfolio has been concentrated almost entirely in Palm Beach County, particularly West Palm Beach. This acquisition is the first public signal that Broward County is next.

Coral Springs is attracting institutional capital from multiple directions. In November 2025 alone, JPMorgan paid $53.7 million for the Shoppes at Heron Lakes, and Maven Real Estate paid $40.5 million for the Whole Foods and Home Depot-anchored Atlantic Crossings shopping center.

With West Palm Beach office rents hitting record highs, companies are looking for suburban Class A space where their employees actually live. The Fiserv campus in the Coral Springs Corporate Park, with proximity to the Sawgrass Expressway, fits that profile for potential corporate relocation tenants.

How does this compare to Related Ross's other moves?

Related Ross has used different strategies across its South Florida portfolio:

Fiserv Campus (Coral Springs): Office sale-leaseback with a suburban office or mixed-use end goal, long-term transition after 2029
WPTV Studio (West Palm Beach): Studio sale-leaseback targeting a future mixed-use hub, long-term transition after 2027
Edgeworth and CityPlace (West Palm Beach): Ground-up ultra-luxury high-rises targeting global finance tenants like Goldman Sachs and Elliott

The Coral Springs deal represents a different risk profile. CityPlace and One Flagler carry high construction costs with high reward potential. The Fiserv campus offers low entry cost with a long-term hold, positioning Related Ross as a "suburban anchor" rather than chasing the "Wall Street of the South" narrative in downtown West Palm.

At 21.8 acres, this is not a small acquisition. It is a land bank. Related Ross rarely buys properties just to collect rent. The scale of the site suggests a longer-term mixed-use or densification play, though no plans have been announced. Elsewhere in Broward, similar office parks are being rezoned for apartments as suburban commercial real estate evolves.

FAQs about the Related Ross Coral Springs acquisition

How much did Related Ross pay for the Coral Springs campus?

Related Ross paid $36.5 million for the 21.8-acre campus, which includes $18.3 million in seller financing. The deal was structured as a sale-leaseback with Fiserv remaining as the tenant through March 2029.

Where is the property located?

The campus spans three parcels at 4000 Coral Ridge Drive, 3975 NW 120th Avenue, and 11900 NW 41st Street in Coral Springs Corporate Park, near the Sawgrass Expressway.

What buildings are on the site?

The campus includes a 108,000-square-foot building from 1999, a 98,000-square-foot building from 1965, and 2.1 acres of vacant commercial land.

Is this Related Ross's first Broward County deal?

Yes. Related Ross, which spun out of Related Companies in 2024 to focus on South Florida, had concentrated its portfolio in Palm Beach County. This is the first public acquisition in Broward.

What are Related Ross's plans for the property?

No plans have been announced. A Related Ross spokesperson was not available to comment on future development. The sale-leaseback structure gives them until at least 2029 to decide.

Local help for buyers and investors in Coral Springs

If you are buying, selling, or investing in Coral Springs, Parkland, or Coconut Creek, understanding how institutional acquisitions affect local property values matters. Reach out to The Mastropieri Group, Realtors®.

For practical, hands-on support across the region, call (954) 710-6504.