Illustrated Properties Launches Commercial Real Estate Division
The new division is led by Director of Commercial Real Estate Shane McCain.
The new division is led by Director of Commercial Real Estate Shane McCain.
Nelson Garcia of RARE CRE represented the seller in the acquisition. Michael Basinski and Mitch Sinberg of Berkadia Boca Raton arranged a $31.75 million acquisition loan through City National Bank.
Cleveland Clinic will be the facility’s anchor tenant, occupying the entire 34,000-square-foot first floor.
The 36,041-square-foot facility is currently 63.4% leased, with 88% of the occupied space dedicated to healthcare users.
The property totals 366,036 square feet on 22 acres.
The two projects total 302,000 square feet across Fort Lauderdale and Deerfield Beach, with delivery expected in 2027.
The property sits on approximately 7.41 acres and is currently configured as a single-tenant office building.
To support its continued growth, Native is actively interviewing senior commercial real estate brokers to meet rising demand from its expanding client base.
In addition to his role as NAIOP South Florida President, Corlew has served on NAIOP boards at both the regional and national levels and remains actively involved in industry conferences and community development initiatives.
C&W’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar, along with Cushman & Wakefield Healthcare Capital Markets advisors Gino Lollio and Travis Ives, represented ShareMD in the sale of the two properties.
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