Nova Southeastern University Sells Property for $15 Million to Jewish Organization

Photo byMiami Herald

In a notable real estate move, Nova Southeastern University (NSU) has sold its east campus building in Fort Lauderdale to the Mel Landow Foundation for $15 million. The transaction also includes $10.85 million in seller financing, according to property data.

The 66,453-square-foot building, located on 4.5 acres at 3100 S.W. Ninth Ave., was constructed in 1980. It’s quite a jump from its previous sale price of $3.3 million back in 1982. The Mel Landow Foundation, affiliated with the Hollywood-based Jewish Academy, is the new owner of this educational space.

NSU, which is headquartered in Davie, had put the east campus up for sale last November. The building was previously used for back office operations like human resources, finance, and auditing. However, with some staff now working remotely or from leased spaces near the Rolling Hills golf club, NSU decided it was time for a change. Eventually, these employees will relocate to a newly converted office space in the former Miami Dolphins training facility on NSU's main campus.

The east campus, situated in the Edgewood neighborhood, also faced some challenges, including water intrusion from a heavy rainstorm in April 2023.

While officials from the Jewish Academy haven't commented on the new deal yet, their website already features renderings of their upcoming educational campus in Fort Lauderdale. This sale follows a previous transaction where the Mel Landow Foundation sold a property at 7777 S.W. 39th Street in Davie to NSU for $2.6 million last December.

It's clear that both organizations are making significant moves in the real estate market, reshaping their spaces to better fit their evolving needs.