Plantation Medical Office Park Trades
The $244-per-square-foot transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
The $244-per-square-foot transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
One of the largest contiguous land sites available in South Florida, the development has a buildable program of 2,500 residential units, 240 hotel rooms, 480,000 square feet of retail space, and 650,000 square feet of office space.
Avison Young Principals John K. Crotty, CCIM; David Duckworth; Michael T. Fay, who is also Managing Director of the firm’s Miami operations; and Vice President Brian C. de la Fé represented Alton Road Invest, LLC, during the disposition
The portfolio consists of seven multi-tenant office buildings totaling 308,305 square feet.
The seller achieved 25% asset appreciation in 14 months with a strategic value-add plan.
Avison Young’s Florida Capital Markets Group negotiated the sales.
The transactions include two retail and office buildings in South Miami.
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