Cushman & Wakefield, Katalyst Real Estate & Development Arrange $38.2M Sale of Trophy Corner Along Atlantic Avenue
The $38.2 million sale represents one of the largest commercial transactions ever in Delray Beach.
The $38.2 million sale represents one of the largest commercial transactions ever in Delray Beach.
The suburban, campus style, professional and medical office complex totals 254,015 square feet.
Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar structured this transaction “off market.”
The 36,041-square-foot facility is currently 63.4% leased, with 88% of the occupied space dedicated to healthcare users.
The seven-building park totals 144,874 square feet.
The portfolio includes 11 buildings of single-story, highly functional small-bay industrial with 150 grade-level loading doors. The portfolio, which was completely renovated in 2023, is 98% leased to a diverse array of 62 tenants.
The two buildings total 157,510 square feet and are 87.6% leased.
C&W’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar, along with Cushman & Wakefield Healthcare Capital Markets advisors Gino Lollio and Travis Ives, represented ShareMD in the sale of the two properties.
Cushman & Wakefield’s Scott O’Donnell, Deme Mekras, Miguel Alcivar, Greg Miller and Mike Ciadella represented iHeart in the transaction.
Scott O’Donnell of Cushman & Wakefield represented PEBB in the sale.
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