Institutional Property Advisors Brokers Two-Building Office Portfolio Sale
Built in 1984 and 1985 on 5.5 acres, the Deerfield Financial Centre comprises 60 office suites ranging in size from 120 square feet to over 4,750 square feet.
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Built in 1984 and 1985 on 5.5 acres, the Deerfield Financial Centre comprises 60 office suites ranging in size from 120 square feet to over 4,750 square feet.
The leases total 54,768 square feet, including restaurants, beauty and fitness services, fashion, home décor, and financial services.
The mixed-use project near Gulfstream Park will feature 121 condominium units, a 30,000-square-foot amenities area and four retail spaces.
The off-market transaction closed on June 13.
South Pointe spans 7.84 acres and features 179 apartment units and 17,063 square feet of ground-floor retail space across three four-story buildings.
The college will consolidate its operations into a new 30,000-square-foot facility within the reimagined mixed-use development.
Jonathan De La Rosa, senior managing director of investments in Marcus & Millichap’s Miami office, procured the buyer in the transaction.
C. Todd Everett arranged the sale on behalf of both the buyer and seller.
The 235,000-square-foot property sold for approximately $372 per square foot.
The 689,940-square-foot portfolio consists of 20 warehouse buildings located in the Medley submarket.
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