CBRE Facilitates $11.9 Million Sale Of Coconut Creek Retail Center
The 80,361-square-foot property includes two freestanding outparcel buildings.
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The 80,361-square-foot property includes two freestanding outparcel buildings.
The properties include 16 warehouses, spanning 23 acres in total.
The building was originally built in the mid-seventies.
The complex is 90 percent leased to 40 tenants from a variety of industries including healthcare, law, finance and engineering.
The firm will occupy the 24,000 square foot ground floor retail space which was formerly occupied by a grocery tenant and more recently used as a furniture showroom.
Tricera acquired the buildings for $13.25 million in January 2019.
“Despite the many challenges our world has been facing due to the pandemic, the commercial real estate industry is booming, and South Florida is a top destination for business relocation,” said Christopher Thomson, the 2022 president.
The three Class-A office buildings total 222,682 square feet.
The company is aggressively seeking prospective Pink Bird sites on Florida’s east coast, from Broward to Brevard counties, with minimum dimensions of 150 x 200 feet, in high traffic locations with left-in access and strong retail co-tenancy.
The park will eventually span more than 1.3 million square feet of space.
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