CBRE Facilitates $11.9 Million Sale Of Coconut Creek Retail Center
The 80,361-square-foot property includes two freestanding outparcel buildings.
The 80,361-square-foot property includes two freestanding outparcel buildings.
The complex is 90 percent leased to 40 tenants from a variety of industries including healthcare, law, finance and engineering.
The three Class-A office buildings total 222,682 square feet.
Larry Genet and Tom O’Loughlin with CBRE represented the seller in the transaction.
Ownership is also planning extended wellness offerings for tenants. Currently the property offers complimentary weekly yoga classes, healthy snacks in the tenant lounge and a complimentary UBER service connecting One Clearlake to Downtown West Palm Beach.
CBRE’s Mike Oretsky, Tom O’Loughlin, and Larry Genet and Berger Commercial’s Jonathan Thiel and Keith Graves represented the tenants in the lease deals.
Dennis Carson with CBRE represented both the buyer and seller in the transaction.
Stigliano represented the Buyer, Castle Boca, LLC, in the transaction.
Prologis has approximately 2,855,360 square feet in Southern Broward County. This final deal brings the park to 100% occupancy and reporting record rents.
The 304,408-square-foot portfolio was 64 percent leased at the time of sale.
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