Brasswater Pays $20 Million For Coconut Creek Office Complex
The acquisition works out to about $156 per square foot for the 6.15-acre property.
The acquisition works out to about $156 per square foot for the 6.15-acre property.
The leasing activity was brokered on the tenant side by JLL. Ryan Goggins and Peter “PJ” Apol represented Sunbeam Properties & Development.
The two projects total 302,000 square feet across Fort Lauderdale and Deerfield Beach, with delivery expected in 2027.
The newly acquired assemblage spans multiple properties along North Andrews Avenue, totaling more than 20,000 square feet of existing commercial space.
CBRE’s John Criddle, Joe Freitas and Max Pawk will serve as exclusive leasing agents.
The project will total nearly 360,000 square feet.
The two buildings total 157,510 square feet and are 87.6% leased.
He brings more than two decades of institutional experience across leasing, investment and advisory services, having overseen over $4 billion in transactions involving more than 7 million square feet of office assets across Florida’s major markets.
Three tenants have signed on for a combined 20,000 square feet.
This is the first time the property has been offered for sale since it was built in 1974.
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