Pembroke Pines Office Property Trades, More Than Triples In Value
The seller originally acquired the property in 2017 for $12.2 million.
The seller originally acquired the property in 2017 for $12.2 million.
The floating-rate bridge loan will be used to refinance the property’s existing construction financing and fund remaining completion costs for the project, which topped out in October 2025 and is expected to deliver in mid-2026.
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin, along with Industrial Real Estate Associate Sam Koss, negotiated the sale of the two building industrial warehouse.
Plans call for a midrise design and programming for 252 residential units across studio, one, two, three and four-bedroom units as well as over 300 parking spaces.
The portfolio sold for $49 million.
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