State-Of-The-Art Motorola R&D Center In Plantation Trades For $48.5 Million
Cushman & Wakefield’s Dominic Montazemi, Mike Davis, Rick Brugge, Rick Colon and Mike Ciadella represented the seller in the transaction.
Cushman & Wakefield’s Dominic Montazemi, Mike Davis, Rick Brugge, Rick Colon and Mike Ciadella represented the seller in the transaction.
Scott O’Donnell of Cushman & Wakefield represented PEBB in the sale.
CBRE’s Ben Silver and Evan Fript represented the seller in the transaction.
The site currently has a 42,992-square-foot office built in 1990 and a 67,350-square-foot office constructed in 1998.
The master-planned project is poised to transform western Broward County and is approved for 3,000 residential units, 650,000 square feet of office space, 485,000 square feet of retail and two hotels on a 50-acre site located between Sawgrass Mills and Amerant Bank Arena.
Gordon Messinger with CBRE represented the landlord, MG3 Group, a Florida-based real estate investment and development company, in lease negotiations.
The sales closed on consecutive business days.
Senior Vice President Steve Hyatt of Berger Commercial Realty represented the seller in the transaction.
The property, located at 7301 and 7301A W. Palmetto Park Road, spans 101,546 square feet across two boutique medical office buildings.
Approximately 75 employees report to the South Florida headquarters.
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