Tobin Real Estate Successfully Brokers Sale Of Davie Office Building
Tobin Real Estate Senior Vice President Louie Granteed had the exclusive listing on the property and represented both the seller and the buyer in the sale of the asset.
Tobin Real Estate Senior Vice President Louie Granteed had the exclusive listing on the property and represented both the seller and the buyer in the sale of the asset.
Built in 1984 and 1985 on 5.5 acres, the Deerfield Financial Centre comprises 60 office suites ranging in size from 120 square feet to over 4,750 square feet.
The sale price breaks down to approximately $417 per square foot.
The 4,502-square-foot live-work, loft-style industrial building—located at 437 NW 1st Avenue—was sold by the Charles L. Peet Revocable Trust.
The transaction was facilitated by Chris Gallagher of Blanca Commercial Real Estate, who represented the landlord in the deal. Marshall Chandler and Gus Martinez of CMV Commercial / The Martinez Team represented Century Cruise Line in securing their new South Florida office.
The project is nearing completion, with the West Tower fully topped out and slated for delivery at the end of 2025 and the newly launched East Tower targeting completion in 2027.
One tenant was represented by Tom O’Loughlin of CBRE, and the other was represented by Steve Medwin and Nick Wigoda of Newmark Southern Region LLC. Peter “PJ” Apol and Ryan Goggins represented Sunbeam Properties & Development in both deals.
The new assignments total more than 200,000 square feet.
The new tenant will be relocating from another building in Fort Lauderdale and expand its footprint by approximately 15,000 square feet, occupying the entire sixth floor of the building.
JLL Executive Vice President Brady Titcomb represented the building’s ownership group, CDS Realty Investments, LLC.
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