Located at 3600-3998 FAU Blvd., the Research Park includes a total of 308,305 square feet of office space. It is the only state university-affiliated research park in South Florida and considered a premier technology business incubator for the region.
The JV will expand their portfolio with the development of five Class A medical office buildings in Florida.
He will be responsible for the firm’s Miami, Fort Lauderdale, Boca Raton, and West Palm Beach markets and oversee more than 450 professionals across the South Florida region.
North Broward Hospital plans to occupy the entire building.
Alex Sacks, Andrew Margulies, Frank Roti, Brett Rodgers and Harrison Creason, investment advisors at Marcus & Millichap, had the exclusive listing to market the property on behalf of the seller, a private limited liability company. Ryan Nee, Broker of Record in Florida, assisted in closing the transaction.
Jake Zebede, Owner of Trustone Advisors, and Joseph Linder, Associate, played a pivotal role in the transaction.
Mark Rubin, Bastian Schauer, Jake Stauber, and Senior Financial Analyst Jared Mann of the Colliers South Florida Investment Services Team represented the seller in the transaction.
Ryan Holtzman, Andrew Trench, and Michael Feldman of Cushman & Wakefield and Chris Coots of Flagler Healthcare Investments will collaborate to oversee medical office leasing efforts on behalf of the developer, which is a partnership between Black Salmon and The Allen Morris Company.
The buyers own Total Research Group (TRG), which performs high-quality clinical trials that lead to the development of lifesaving medical advances.
Colliers Senior Vice President Kim Kretowicz of USA Capitals Market Group/Healthcare Services negotiated the transaction.