Resolve Marine Group, a Fort Lauderdale-based company that provides marine services, acquired Harbor Place, a 36,000-square-foot office building in Fort Lauderdale, for $8.9 million.
Resolve Maritime Academy, a division of the Resolve Marine Group, has been a tenant in the building since 2012. Harbor Place was fully occupied at the time of the sale, which closed May 14. Regional commercial real estate firm Berger Commercial Realty brokered the deal.
In addition to Resolve Maritime Academy, other tenants include Berger, HSBC bank, MHG Insurance and Vecenergy. Last year, Resolve Maritime Academy expanded at Harbor Place from 6,954 square feet to 14,088 square feet.
The building houses a mission engine room simulator, an electronic chart display information system classroom to teach paperless navigation and several classrooms for fire and safety courses, as well as the academy's administrative offices.
Resolve plans to further expand the school with the addition of cruise ship engine and bridge room training simulators, which were previously nearby at Resolve's corporate headquarters.
"We are moving our high-tech simulators into the building so we can offer our students all of our training modules under one roof," Resolve Marine Group president and CEO Joseph Farrell Jr. said in a statement. "We are very proud of our presence along the marine corridor of S.E. 17th Street and look forward to continuing to serve the worldwide marine community from our offices in Fort Lauderdale, long considered the marine capital of the world."