Cushman & Wakefield’s South Florida Industrial Team represented the landlord in the lease negotiations. Matthew G. McAllister served as Cushman & Wakefield’s lead broker and worked with partners Chris Metzger, Rick Etner, and Christopher Thomson. The tenant was represented by Alex Bernaldo of America’s Commercial Real Estate.
Ryan Holtzman, Andrew Trench, and Michael Feldman of Cushman & Wakefield and Chris Coots of Flagler Healthcare Investments will collaborate to oversee medical office leasing efforts on behalf of the developer, which is a partnership between Black Salmon and The Allen Morris Company.
The tenant will occupy 131,411 square feet of space in Building 6 upon its completion in mid-2024.
The transaction would set a record if the purchase closes at this price.
The acquisition of this Class A building represents a significant milestone for the buyer as they expand their portfolio and acquire their first South Florida asset.
Matthew G. McAllister and Christopher Thomson are overseeing leasing efforts on behalf of the property’s new landlord.
Over the last nine months, the team at Wells Fargo Center has executed over 250,000 square feet of leasing transactions, bringing the building to 93% occupancy.
The 135,000-square-foot shopping center in Pembroke Pines is anchored by Publix Supermarket and Burlington.
Mike Ciadella, Scott O’Donnell, and Dominic Montazemi of Cushman & Wakefield represented the seller in the transaction.
Senior Vice President Carlos Gaviria, Executive Managing Directors Ben Eisenberg and Walter Byrd and Managing Director Thomas Kresse represented the buyer in the transaction.