Plantation Office Building Fetches $37.9 Million
JLL represented the seller and procured the buyer.
JLL represented the seller and procured the buyer.
JLL represented the seller, Pearlmark, and procured the buyer, CS Ventures.
Class A office rental rates are exceeding $75 gross in Coconut Grove.
The asset consists of 75,406 square feet of upscale retail and 45,068 square feet of office space.
The mission-critical facility will soon house approximately 900 employees that facilitate the billing, scheduling and telemedicine services for the healthcare group.
JLL represented the seller, Ivy Realty, in the sale of the property.
The 18-story tower was repositioned from a Class B to a Class A asset and is currently 61% leased.
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