The seller, a joint venture, purchased the property and excess development land in 2016 for $90 million and executed an extensive redevelopment and re-tenanting of this iconic Ft. Lauderdale asset.
The ultramodern Chamberlain University campus in Miramar will include over 56,000 square feet of space to house lecture-style classrooms, science labs, and simulation care centers, along with an admissions center, faculty offices, and student amenities, such as study areas and lounges.
Jaime Sturgis-led firm’s recent closings include office, retail and industrial property sales.
Benjamin Silver with CBRE represented the seller, 5100 Realty LLC, in the transaction.
His media company relocated to South Florida in early 2021 and the company is expected to base its new headquarters in one of the buildings.
The high-end residential construction company plans to convert the former vegan restaurant and dance studio to its corporate offices.
The property consists of 35,850 square feet of retail space along University Drive, plus 19,680 square feet of office suites tucked behind the shopping center.
Senior Vice President Kimberly Barbar is handling the sale.
The future office space is projected to be completed in 2023 and will be able to accommodate a large variety of clientele with single tenant potential.
The company occupies 350,000 square feet in Tamarac including within Westpoint Distribution Center, a warehouse park neighboring Westpoint Business Center.