Among the notable new properties added to the firm’s portfolio are Lennar Corporate Headquarters in Miami, and multiple Stockbridge-owned retail centers in Boca Raton.
The building’s current tenant recently signed a new 30-year lease.
The JLL Capital Markets team was led by Senior Managing Director Melissa Rose, Director Michael DiCosimo and Analyst Mateo Bolivar.
The sale price equates to $214 per square foot.
Christian Lee, Andrew Chilgren, Marcos Minaya and Sean Kelly of CBRE brokered the transaction on behalf of both the buyer and seller.
Wayne Ramoski of Cushman & Wakefield and Kemp Conrad of Cushman & Wakefield | Commercial Advisors represented the seller in the transaction.
The project, which is owned by Stockbridge, consists of 26 buildings. CLICK ON THE HEADLINE FOR MORE
The Broward County buildings total 425,000 square feet. CLICK ON THE HEADLINE FOR MORE
A joint venture between TIAA-CREF and Weingarten Realty Investors sold the sold the asset to an affiliate of San Francisco-based Stockbridge Capital Group LLC. CLICK ON THE HEADLINE FOR MORE
The two-building industrial property was purchased by Stockbridge. CLICK ON THE HEADLINE FOR MORE