Pembroke Pines Office Property Trades, More Than Triples In Value
The seller originally acquired the property in 2017 for $12.2 million.
The seller originally acquired the property in 2017 for $12.2 million.
The Main was fully leased within two years of delivery and remains 100% occupied today with a high-quality tenant roster of national financial institutions, leading law firms and corporate headquarters.
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.
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