Cushman & Wakefield Negotiates 43,624-SF HQ Lease With Parbel at Waterford Atrium​

Jeannette Mendoza, Brian Gale, Ryan Holtzman, Andrew Trench and Lena Weeks Represented MetLife Real Estate Investors in Securing the Largest Office Lease Executed in the Airport West Submarket This Year​ MIAMI, FL, April 8, 2019 — Cushman & Wakefield has negotiated a 43,624-square-foot lease renewal with Parbel at Waterford Atrium in Miami’s Waterford at Blue Lagoon business park. According to Cushman & Wakefield research, this is the largest office lease executed in the Airport West submarket this year. The Cushman & Wakefield office leasing team of Jeannette Mendoza, Brian Gale, Ryan Holtzman, Andrew Trench and Lena Weeks negotiated the lease on behalf of owner MetLife Real Estate Investors. John Marshall and Randy Carballo of JLL represented Parbel in the lease negotiations. Parbel renewed its space in 6100 Waterford, located at 6100 Blue Lagoon Drive. Formerly Helena Rubinstein Inc. and now a subsidiary of L’Oreal, Parbel distributes cosmetics, perfumes and beauty products. The company houses its headquarters at Waterford Atrium. “This was a very [...]

2019-05-13T14:21:03-04:00April 8th, 2019|Florida, In the News, Office, Press Release|

Cushman & Wakefield Arranges $32.5M Sale and $24.8M Financing of Hillsboro Center

A Joint Venture of TriGate Capital, Equitable Real Estate Partners and Commercial Florida Realty Partners sold the Five-Building Office Campus to Grover Corlew. Bank United Provided Acquisition Financing. DEERFIELD BEACH, FL, March 21, 2019 — Cushman & Wakefield has arranged the sale and financing of Hillsboro Center, a five-building, 216,114-square-foot office campus in Broward County. The Cushman & Wakefield Capital Markets team of Mike Davis, Scott O’Donnell, Dominic Montazemi, Rick Brugge, Greg Miller and Miguel Alcivar negotiated the sale on behalf of a joint venture between TriGate Capital, Equitable Real Estate Partners and Commercial Florida Realty Partners. Grover Corlew, of Pompano Beach, Florida, acquired the buildings for $32.5 million ($150 per square foot). Jason Hochman of Cushman & Wakefield’s Equity, Debt & Structured Finance group secured a $24.8 million acquisition loan from Bank United on behalf of Grover Corlew. Hillsboro Center is a value-add office portfolio comprising five buildings developed between 1983 and 1985 on a ±14.02-acre campus at 600 and 700 West Hillsboro Boulevard. The property consists of one, Class A six-story office [...]

2019-03-26T17:15:49-04:00March 21st, 2019|Capital Markets, In the News, Office, Press Release|

Cushman & Wakefield Negotiates $8.55M Sale of Miami 25 @ MIC

The Cushman & Wakefield Team of Miguel Alcivar, Wayne Ramoski, Dominic Montazemi, Scott O’Donnell and Gian Rodriguez Represented DFJ East Properties LLC in the Disposition of the Small-Bay Flex Industrial Asset MIAMI, March 15, 2019 — Cushman & Wakefield has negotiated the sale of Miami 25 @ MIC (Miami Intermodal Center), a 77,820-square-foot small-bay flex industrial property. The Cushman & Wakefield team of Miguel Alcivar, Wayne Ramoski, Scott O’Donnell, Dominic Montazemi and Gian Rodriguez represented Miami-based DFJ East Properties LLC in the sale. MIA at 25th Street LLC acquired the asset for $8.55 million ($110 per square foot). Miami 25 @ MIC is situated on a ±3.44 acre site at 3901 - 3977 NW 25th Street and 3900 - 3960 NW 26th Street in Miami. The property is strategically located across NW 25th Street from Miami Intermodal Center (MIC) and just east of Miami International Airport (MIA). MIC is a massive $2 billion multi-modal ground transportation hub developed by the State of Florida Department of Transportation. MIC [...]

2019-03-26T12:43:30-04:00March 15th, 2019|Capital Markets, In the News, Office, Press Release|

‌Cushman & Wakefield Negotiates $11.7M Sale of Interstate Industrial Park on Behalf of The Silverman Group

The Team of Greg Miller, Scott O’Donnell, Dominic Montazemi and Jason Hochman Negotiated the Sale of the Three-Building Light Industrial Portfolio to Interstate Industrial Park Holdings, LLC RIVIERA BEACH, FL, March 11, 2019 — Cushman & Wakefield has negotiated the sale of Interstate Industrial Park, a three-building, multi-tenant small-bay industrial portfolio in Palm Beach County. The Cushman & Wakefield Capital Markets team of Greg Miller, Scott O’Donnell, Dominic Montazemi and Jason Hochman, along with CBRE’s Robert Smith and Kirk Nelson, negotiated the sale on behalf of Palm Beach, FL-based The Silverman Group. Interstate Industrial Park Holdings, LLC, led by Harry Spitzer, acquired the 160,302-square-foot park for $11.7 million ($73 per square foot). Adam Robbins of ARC Equities, LLC represented the buyer. The portfolio comprises three buildings located at 6555 and 6557 Garden Road and 3541 M.L.K. Jr. Boulevard in Riviera Beach. 6557 Garden Road and 3541 M.L.K. Jr. Boulevard are one-story, metal construction, light industrial buildings developed in 1968 on a ±2.0-acre site. These assets house [...]

2019-03-13T13:24:51-04:00March 11th, 2019|Capital Markets, In the News, Office, Press Release|

Cushman & Wakefield Negotiates $20.8M Sale of Core-Plus Office Asset in Broward County

Vanderbilt Office Properties and Barron Colliers Companies Acquired Corporate Center II, a 91,221-SF Building in Sunrise, FL  BROWARD COUNTY, FL, March 8, 2019 – Cushman & Wakefield has arranged the sale of Corporate Center II, a 91,221-square-foot, suburban Class A office building for $20.8M. The asset is situated within Sawgrass International Corporate Park, one of South Florida’s largest suburban office parks, in Sunrise. The Cushman & Wakefield Investment Sales Team of Vice Chairman Mike Davis, Managing Director Dominic Montazemi, Executive Director Scott O’Donnell and Executive Director Rick Brugge represented the U.S. real estate business of UBS Asset Management in the disposition. Vanderbilt Office Properties, a Chicago-based investment management firm, and Barron Collier Companies, a Naples, Florida-based real estate investment company, jointly acquired the asset. At 1571 Sawgrass Corporate Parkway, Corporate Center II is situated on 6.2 acres and is prominently located adjacent to Interstate 75 at the Sunrise Interchange, which sees [...]

2019-03-11T11:00:28-04:00March 8th, 2019|In the News, Office, Press Release|

Cushman & Wakefield Represents the Kislak Organization in $11.3M Sale of Plantation Professional Park

Triarch Capital Group Acquired the ±63,319-Square-Foot Medical and Professional Office Campus in Broward County​ PLANTATION, FL, March 8, 2019 — Cushman & Wakefield has negotiated the sale of Plantation Professional Park a 63,319-square-foot medical and professional office campus in Broward County. The Cushman & Wakefield Capital Markets team of Greg Miller, Scott O’Donnell, Dominic Montazemi and Miguel Alcivar represented the Kislak Organization, of Miami Lakes, FL, in the sale. Aventura, FL-based Triarch Capital Group acquired the asset for $11.3 million ($178 per square foot). Plantation Professional Park is a six-building office campus built between 1987 and 1989 on a ±7.84-acre site at 6710–6834 West Sunrise Boulevard in Plantation, FL. The single-story buildings comprise a medical and professional office campus located three miles from Westside Regional Medical Center. The site also includes a vacant pad previously approved for an additional two-story, ±22,000-square-foot medical office building. Plantation Professional Park was 96% occupied at the time of sale. Notable tenants include Dickens Sanomi Academy and American Access Care. [...]

2019-03-13T12:24:04-04:00March 8th, 2019|Capital Markets, In the News, Office, Press Release|

Cushman & Wakefield Arranges $29.25M Sale of Broward County Office Park

YMP Real Estate Acquired the Four-Building Office Park from Morning Calm Management​ FORT LAUDERDALE, FL, February 19, 2019 — Cushman & Wakefield has arranged the sale of Lakeshore Business Center, a four-building office park in Broward County’s Cypress Creek submarket. The Cushman & Wakefield Capital Markets team of Mike Davis, Scott O’Donnell, Dominic Montazemi, Greg Miller, Rick Brugge and Michael Lerner represented Boca Raton, FL-based Morning Calm Management in the sale. Miami-based YMP Real Estate Management, LLC acquired the 237,682-square-foot office park for $29.25 million ($123 per square foot). Lakeshore Business Center comprises four, two-story buildings developed between 1986 and 2000. The campus is located on a ±17.0-acre site at 5100 and 5200 NW 33rd Avenue and 3201–3125 West Commercial Boulevard in Fort Lauderdale. The park’s location midway between Interstate 95 and Florida’s Turnpike — South Florida’s two primary north-south arteries — offers nearly one-quarter mile of prominent frontage along West Commercial Boulevard in the Cypress Creek submarket. “Cypress Creek is Broward County’s second-largest submarket and continues to be a cost [...]

2019-02-21T14:33:34-04:00February 21st, 2019|Capital Markets, In the News, Office, Press Release|

AJP Ventures and Mas Group Select Cushman & Wakefield to Lease New Medical Office Building in Miami

Gordon Messinger will Oversee Leasing for the 116,000-SF MedSquare Health Coral Gables, FL, January 30, 2019 – Cushman & Wakefield has been named the exclusive leasing agent for a 116,000-square-foot, three-story Class A medical office building in Coral Gables. Called MedSquare Health, the $40 million project is being developed by joint-owners AJP Ventures and Mas Group. An official groundbreaking ceremony will be held at the site on March 6 at 10 a.m. Cushman & Wakefield Managing Director Gordon Messinger will lead leasing for the property, marketing the space to a variety of tenants in the medical field. Asking rents will begin in the low $40s per square foot net. MedSquare Health will be situated on 4.5 acres at the corner of SW 87th Ave. and SW 94th St., within the Baptist Hospital medical submarket, which is one of South Florida’s primary healthcare corridors. The project will be the first off-campus, [...]

2019-02-06T11:56:01-04:00February 6th, 2019|In the News, Office, Press Release|

Related Group and GTIS Partners Name Cushman & Wakefield Leasing Agent for 444 Brickell in Miami

201,020-SF Office Building is Situated at the Intersection of the Brickell Avenue and the Miami River MIAMI, Feb. 4, 2019 – Cushman & Wakefield has been named the exclusive leasing advisor for 444 Brickell, a  201,000-square-foot office building in Miami’s Central Business District. The 11-story building serves as a landmark that links the Brickell and Downtown submarkets. Miami-based Related Group, known as South Florida’s leading developer of sophisticated metropolitan living, has retained the Cushman & Wakefield team of Vice Chairman Brian Gale, Managing Director Andrew Trench, Managing Director Ryan Holtzman, Director Jeannette Mendoza and Associate Lena Weeks to lease the property. “444 Brickell puts tenants at the epicenter of Miami’s CBD with easy access to all that Brickell and Downtown Miami have to offer,” said Gale. “We are ecstatic to be working with Related Group and GTIS Partners to bring quality tenants to this newly renovated office tower, fronting the [...]

2019-02-04T10:38:30-04:00February 4th, 2019|In the News, Office, Press Release|

Cushman & Wakefield Represents IPCP Florida Realty Value Fund I in Disposition of Wells Fargo Plaza in Boca Raton

The 102,431-SF Asset Comprises Class A Office Space and a Wells Fargo Bank Branch BOCA RATON, FL, January 28, 2019 – Cushman & Wakefield has arranged the sale of Wells Fargo Plaza in downtown Boca Raton. The Class A asset consists of a seven-story office building and a two-story building with a Wells Fargo Bank retail branch on the ground-floor, which together comprise 102,431 square feet. The Cushman & Wakefield Investment Sales Team of Vice Chairman Mike Davis, Managing Director Dominic Montazemi, Executive Director Scott O’Donnell, Executive Director Rick Brugge and Executive Director Michael Lerner represented IPCP Florida Realty Value Fund I, an entity of Boca Raton-based IP Capital Partners, in the sale. Wells Fargo Plaza was completed in 1999 and features a unique design by internationally renowned architect Phillip Johnson, which makes it a well-known local landmark. Situated on 2.3 acres at 925 and 975 South Federal Highway, at the [...]

2019-02-04T10:57:21-04:00January 28th, 2019|In the News, Office, Press Release|