The asset was the second of the seller’s 100% occupied, two-building portfolio to sell within three months, both sales totaling $17.2 million.
“I am looking forward to a rewarding new year in commercial real estate,” said 2021 NAIOP South Florida Chapter President Ryan Nee. “As president, I will work to facilitate new alliances among members that will support personal, professional and economic development throughout the tri-county. While the pandemic limited face-to-face engagement in 2020, we are eagerly committed to offering new ways for our members to engage and thrive in 2021.”
The asset totals 259,458 square feet on 14.31 acres in Broward County’s Cypress Creek submarket.
The assignment comes less than six months after Avison Young was assigned to lease a 9-building portfolio totaling 940,319 square feet. CLICK ON THE HEADLINE FOR MORE
After residing in the Weston Park of Commerce for the last 10 years, American Express is leaving its offices behind and a tech company is moving in. CLICK ON THE HEADLINE FOR MORE
The assignment represents one of the largest office leasing assignment in Florida in recent years. CLICK ON THE HEADLINE FOR MORE
During 2013, Martin was able to successfully complete $80 million of leases totaling 669,868 square feet spanning 43 transactions. CLICK ON THE HEADLINE FOR MORE
The new assignment brings Avison Young’s total square footage of Florida leasing assignments retained over the past 12 months to more than 425,000 square feet. CLICK ON THE HEADLINE FOR MORE
The buyer is a leading independent owner and operator of wireless communications infrastructure across North, Central and South America, which plans to use the building as their corporate headquarters. CLICK ON THE HEADLINE FOR MORE
The transaction increases occupancy at the building by more than 25 percent. CLICK ON THE HEADLINE FOR MORE