Investments Limited acquired the Plumtree Centre from U.S. Bank for $3.1 million, or about $74 per square foot.
Located at 3350 NW 2nd Avenue in Boca Raton, the Plumtree Centre is comprised of two office/retail buildings totaling 41,791 square feet. At the time of sale, the buildings were just 32 percent occupied. The buildings were constructed in 1987 and are located minutes from I-95 and the Boca Raton Airport.
Adam Starr of Brenner Real Estate Group represented the buyer. Brett Houston of REMS Group, Inc. represented the seller in its REO sale.
“This center is well located on Boca Raton Boulevard with great visibility,” Starr said. Speaking to the acquisition of this property, Starr added that it, “really fit the profile of their existing portfolio.”
https://sfoba.com/wp-content/uploads/2012/05/plumtree-centre.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-05-17 01:57:562012-05-17 01:57:56Boca Office Building Purchased For $3.1M
Western National Life Insurance Co., an affiliate of AIG, seized office parks in Deerfield Beach and Oakland Park from Boston-based AEW Capital Management after winning separate foreclosure actions.
The life insurance company previously won a $35.2 million foreclosure judgment against Mainstreet AEW V 800 Fairway and a $31.3 million foreclosure judgment against Mainstreet AEW V Commercial Place. The judgments concerned mortgages of $27.5 million and $26 million, respectively, plus interest and fees. Western National Life Insurance won the foreclosure auctions in March and took title to the buildings in late April.
Hillsboro Executive Center North, located at 800 Fairway Drive, has 340,055 square feet, although only 173,241 square feet is leasable space. It was built in 1987.
Commercial Place, at 3230 Commercial Blvd., has 182,585 square feet. Tenants include Florida Blue, formerly known as Blue Cross and Blue Shield of Florida. It was built in1991.
https://sfoba.com/wp-content/uploads/2012/05/Commercial-Place-3230-Commercial-Blvd.-Ft.-Lauderdale.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-05-16 01:37:002012-05-16 01:37:00Over 355,000 SF Of Broward Office Space Seized In Foreclosure
Whelchel Partners Real Estate Services is currently seeking a sales associate with one to five years of experience to join our commercial real estate brokerage team located in Boca Raton.
The primary responsibility will be to service existing clients and assist in the development of new business. This is an excellent opportunity to join a growing local boutique brokerage firm with fresh, creative concepts while working within today’s commercial real estate industry.
Mako Surgical has signed a 15,000-square-foot, long-term lease at the Design Center of the Americas Office Center in Dania Beach.
DCOTA Office Center is located at 1855 Griffin Road and consists of 250,000 square feet.
Mako was represented by Peter Sheridan, senior vice president at Jones Lang LaSalle in the deal. Cohen Brothers Realty was represented by Cushman and Wakefield’s John Criddle and Jon Blunk. Viktoria Telek, director of DCOTA Office Center and Cohen Brothers’ vice president of office leasing, Marc Horowitz, also represented Cohen Brothers.
Mako will be using the space for corporate meetings and as a training center. Cohen Brothers is based in New York and manages more than 12 million square feet nationwide.
Peter Messina, CCIM, Vice President, Commercial Brokerage, has earned the Certified Commercial Investment Member (CCIM) designation from the CCIM Institute of the National Association of REALTORS®. Messina is a member of the South Florida Chapter of CCIM.
Brenner notes, “We are so proud of Peter and his accomplishment. It is a true indicator of his commitment to the business and his rising professional stature. Through these efforts, he has joined one of the most exclusive groups in the real estate profession.”
Mr. Messina joined Brenner Real Estate Group in August of 2011 as Vice President, Commercial Brokerage with a focus on servicing and expanding the office and industrial brokerage and property management services of the firm in southwestern Broward County. Prior to joining Brenner Real Estate Group, Messina served as a Commercial and Investment Specialist for Total Real Estate Consultants, Inc., and also as Commercial Sales Associate for Keller Williams Properties.
Messina holds other real estate industry licenses and certifications including Short Sale & Foreclosure Resource (SFR), Certified Property Management Specialist (CPMS), and Certified Rental Investment Specialist (CRIS.) He is a member of the Realtors Commercial Alliance (RCA), Realtor Association of Greater Fort Lauderdale (RAGFL), Florida Association of Realtors (FAR) and the Davie Economic Development Counsel.
The CCIM Institute is the global leader in commercial and investment real estate education and services, providing practitioners with an opportunity to further their business practices through focused education and networking opportunities. The CCIM designation is obtained through completion of a diagnostic curriculum covering ethics, interest-based negotiation, financial analysis, market analysis, user decision analysis and investment analysis for commercial investment real estate. Over 15,000 commercial real estate professionals have earned the designation.
Stephen A. Heim, CCIM, of NAI Rauch Weaver Norfleet Kurtz & Co. represented the Tenants, Freshman & Freshman, LLC, George J. Lott, P.A., James J. Traitz, LLC, and Robert E. Shack, P.A., collectively, in a recent lease transaction at Town Center One.
The 211,000 square foot, 24-story office tower is located at 8950 SW 74th Court in the Dadeland area and is approximately 54% leased.
The tenants will utilize the 3,460 SF of office space for their law offices.
https://sfoba.com/wp-content/uploads/2012/05/town-center-one-dadeland.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-05-02 03:17:282012-05-02 03:17:28Heim Closes Town Center One Lease
Boca Office Building Purchased For $3.1M
/in Done Deals/by SFOBA STAFFInvestments Limited acquired the Plumtree Centre from U.S. Bank for $3.1 million, or about $74 per square foot.
Located at 3350 NW 2nd Avenue in Boca Raton, the Plumtree Centre is comprised of two office/retail buildings totaling 41,791 square feet. At the time of sale, the buildings were just 32 percent occupied. The buildings were constructed in 1987 and are located minutes from I-95 and the Boca Raton Airport.
Adam Starr of Brenner Real Estate Group represented the buyer. Brett Houston of REMS Group, Inc. represented the seller in its REO sale.
“This center is well located on Boca Raton Boulevard with great visibility,” Starr said. Speaking to the acquisition of this property, Starr added that it, “really fit the profile of their existing portfolio.”
Source: CoStar
Over 355,000 SF Of Broward Office Space Seized In Foreclosure
/in News/by SFOBA STAFFWestern National Life Insurance Co., an affiliate of AIG, seized office parks in Deerfield Beach and Oakland Park from Boston-based AEW Capital Management after winning separate foreclosure actions.
The life insurance company previously won a $35.2 million foreclosure judgment against Mainstreet AEW V 800 Fairway and a $31.3 million foreclosure judgment against Mainstreet AEW V Commercial Place. The judgments concerned mortgages of $27.5 million and $26 million, respectively, plus interest and fees. Western National Life Insurance won the foreclosure auctions in March and took title to the buildings in late April.
Hillsboro Executive Center North, located at 800 Fairway Drive, has 340,055 square feet, although only 173,241 square feet is leasable space. It was built in 1987.
Commercial Place, at 3230 Commercial Blvd., has 182,585 square feet. Tenants include Florida Blue, formerly known as Blue Cross and Blue Shield of Florida. It was built in1991.
Source: SFBJ
Whelchel Partners Seeking Sales Associate
/in News/by SFOBA STAFFWhelchel Partners Real Estate Services is currently seeking a sales associate with one to five years of experience to join our commercial real estate brokerage team located in Boca Raton.
The primary responsibility will be to service existing clients and assist in the development of new business. This is an excellent opportunity to join a growing local boutique brokerage firm with fresh, creative concepts while working within today’s commercial real estate industry.
For the full job description and contact click here: http://www.whelchelpartners.com/contact-us/employment-form
Surgical Firm Signs 15,000 SF Lease
/in Done Deals/by SFOBA STAFFMako Surgical has signed a 15,000-square-foot, long-term lease at the Design Center of the Americas Office Center in Dania Beach.
DCOTA Office Center is located at 1855 Griffin Road and consists of 250,000 square feet.
Mako was represented by Peter Sheridan, senior vice president at Jones Lang LaSalle in the deal. Cohen Brothers Realty was represented by Cushman and Wakefield’s John Criddle and Jon Blunk. Viktoria Telek, director of DCOTA Office Center and Cohen Brothers’ vice president of office leasing, Marc Horowitz, also represented Cohen Brothers.
Mako will be using the space for corporate meetings and as a training center. Cohen Brothers is based in New York and manages more than 12 million square feet nationwide.
Source: The Real Deal
Messina Earns CCIM Designation
/in News/by SFOBA STAFFPeter Messina, CCIM, Vice President, Commercial Brokerage, has earned the Certified Commercial Investment Member (CCIM) designation from the CCIM Institute of the National Association of REALTORS®. Messina is a member of the South Florida Chapter of CCIM.
Brenner notes, “We are so proud of Peter and his accomplishment. It is a true indicator of his commitment to the business and his rising professional stature. Through these efforts, he has joined one of the most exclusive groups in the real estate profession.”
Mr. Messina joined Brenner Real Estate Group in August of 2011 as Vice President, Commercial Brokerage with a focus on servicing and expanding the office and industrial brokerage and property management services of the firm in southwestern Broward County. Prior to joining Brenner Real Estate Group, Messina served as a Commercial and Investment Specialist for Total Real Estate Consultants, Inc., and also as Commercial Sales Associate for Keller Williams Properties.
Messina holds other real estate industry licenses and certifications including Short Sale & Foreclosure Resource (SFR), Certified Property Management Specialist (CPMS), and Certified Rental Investment Specialist (CRIS.) He is a member of the Realtors Commercial Alliance (RCA), Realtor Association of Greater Fort Lauderdale (RAGFL), Florida Association of Realtors (FAR) and the Davie Economic Development Counsel.
The CCIM Institute is the global leader in commercial and investment real estate education and services, providing practitioners with an opportunity to further their business practices through focused education and networking opportunities. The CCIM designation is obtained through completion of a diagnostic curriculum covering ethics, interest-based negotiation, financial analysis, market analysis, user decision analysis and investment analysis for commercial investment real estate. Over 15,000 commercial real estate professionals have earned the designation.
Heim Closes Town Center One Lease
/in Done Deals/by SFOBA STAFFStephen A. Heim, CCIM, of NAI Rauch Weaver Norfleet Kurtz & Co. represented the Tenants, Freshman & Freshman, LLC, George J. Lott, P.A., James J. Traitz, LLC, and Robert E. Shack, P.A., collectively, in a recent lease transaction at Town Center One.
The 211,000 square foot, 24-story office tower is located at 8950 SW 74th Court in the Dadeland area and is approximately 54% leased.
The tenants will utilize the 3,460 SF of office space for their law offices.