Avison Young completed the $2.1 million sale of Plantation Tech I, a 37,357-square-foot office building located at 6600 NW 16th Street within, Plantation Technology Park.
David Duckworth, Vice President of Investment Sales with Avison Young, represented the seller, Matecumbe Rand Plantation I, LLC, in this transaction.
“Upon initial evaluation of the asset, we recommended that upcoming expiring leases be extended to add value and marketability of the building,” said Duckworth. “Once completed, we listed the building on the market and had a deal principally agreed upon within 30 days.”
Plantation Tech I is a fully occupied, single-story office building; it was highly sought after because it offers solid in-place cash flow along with value add potential. This submarket is attractive to tenants because of the ability to lease space at rental rates below County averages and it offers flexible zoning, which allows for a myriad of end-users.
Recent market reports indicate that the availability of attractive financing and overall improving market conditions positively impacted the volume of investment sales in the first quarter.
Plantation Technology Park was established in 1948 as the first industrial park in Broward County. The Park is comprised of approximately 160 acres located in the northeastern section of the City of Plantation. The area is home to Motorola Mobility Inc.’s 1 million-square-foot headquarters facility.
https://sfoba.com/wp-content/uploads/2013/03/David-Duckworth.png270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2014-05-07 20:30:392014-05-07 20:30:39Office Building Finds New Owner After Less Than 30 Days On The Market
The Coral Springs Chamber of Commerce awarded the “Small Business Leader of the Year” for 2014 to Richard Gerber of Bryason Realty Corporation of Boca Raton.
The award is in acknowledgement of Richard’s commitment to the Coral Springs business community, his clients, and the Coral Springs Chamber of Commerce.
As a Commercial Real Estate Sales and Leasing professional with Bryason, Richard has assisted numerous firms in relocations to Coral Springs.
https://sfoba.com/wp-content/uploads/2014/05/Richard-Gerber.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2014-05-07 00:39:232014-05-07 00:39:23Richard Gerber Receives ‘Small Business Leader of the Year’ Award
Wilhelmsen Technical Solutions, a global provider of cost-efficient engineered solutions, equipment and services for the maritime and offshore industries, has moved to the Miramar Park of Commerce.
The company is leasing 24,200 square feet of space in MPC-11 at 2785 N Commerce Parkway.
“To find the place for our South Florida Wilhelmsen Technical Solutions business in today’s demand growing commercial real estate market was quite a challenge,” said Eugene Parfyonov of Wilhelmsen Technical Solutions. “Especially if you need a location that is close to cruise industry main players, must have ‘fit to purpose’ ratio of office and warehouse space that requires constant professional and customer friendly support from the property management team. Miramar Park of Commerce and Sunbeam Properties has it all and at a fair and balanced cost.”
Wilhelmsen Technical Solutions has more than 150 years of combined experience in the shipping and maritime service industries. With expertise in safety, HVAC, electrical and automation and insulation solutions, Wilhelmsen Technical Solutions provides solutions that help reduce installation time, cost and complexity, improve operational efficiency and minimize cost of ownership, and secure regulatory compliance.
“Large companies such as Wilhelmsen Technical Solutions, where efficiency is a top priority, not only require extensive warehouse space but also easy access to major roadways, and we’re able to offer that here at the Park,” said Maridee Bell, vice president of Sunbeam Properties, developer of the Park.
Bell and Ryan Goggins of Sunbeam Properties represented the Park in the transaction. Representing Wilhelmsen Technical Solutions was Tom Viscount of Butters Realty & Management.
It’s like nothing that’s ever been built in South Florida.
Known as Metropica, the “city within a city” would have more than 2,000 condos, 300 townhomes and enough commercial space to hold 11 Walmarts.
The massive, $1.5 billion project — nearly double the size of neighboring Sawgrass Mills — would create the cornerstone of Broward County’s new “Western Downtown.” Construction could start as soon as January, said Michael Moskowitz, an attorney for Metropica developer Joseph Kavana.
It will take an estimated 10 years and 5,000 construction workers to build the mammoth development.
Local real estate experts were stunned by the sheer size of the project.
“My mouth has dropped,” said Jack McCabe, a real estate analyst in Deerfield Beach. “[The developer is] talking about 2,000 more condos in Sunrise and these aren’t even waterfront.” In Broward County alone, 4,000 condo units are either under construction or have been announced for near future development, McCabe said. “[The developer is] talking about 50 percent more than that in just one project,” McCabe said. “I’m surprised as hell. It’s almost like he wants to build a city within a city. With over 2,300 units, there would be 5,000 people living there.”
Jonathan Kingsley, an executive with the commercial real estate services firm JLL, can think of no other project like it in South Florida. “It’s an extremely ambitious concept,” Kingsley said. “There was a mixed-use project announced in Aventura, but not to this scale.”
This week, Broward commissioners gave the developer permission to build on an additional 9 acres of wetlands on the 50-acre parcel. In return, the developer will dedicate $1 million to create 20 acres of wetlands at Long Key Nature Center in Davie.
Once built, Metropica would generate an estimated $22 million a year in taxes, with $5 million going to Broward County, Moskowitz said.
“This is a phenomenal project that’s going to make that western part of Broward a major retail center and residential area,” Moskowitz said. “It fits in perfectly with the mall that’s already there. In terms of building, the real estate downturn is gone. Interest rates remain low. And the need for new housing is still high.”
Like many projects, Metropica was delayed by the Great Recession, Moskowitz said. “For all the time we’ve waited, this is the perfect time for them to hit the ground running and build what they’ve wanted to build for the past 15, 20 years,” Sunrise Commissioner Joey Scuotto said. “I’m happy it’s finally coming. It’s going to be a nice draw. It’s all good. They want to build condos, office space, restaurants and cafes.”
Kavana will soon meet with Sunrise officials to finalize plans for the project, Moskowitz said. “Just because he has approval for the maximum doesn’t mean he’ll build that,” Moskowitz said in an interview. “Their goal is to break ground on the first phase of development in January 2015.”
County Commissioner Martin Kiar, who represents the area, said officials in neighboring Plantation have told him they don’t want another Tao, the 26-story twin condo towers in Sunrise east of the mall. “Plantation residents have been telling me they don’t want another eyesore like Tao,” Kiar said. “That’s why it was important to me to make sure they build lower buildings. And now they have more land to build on because we released the 9 acres.”
Kavana is selling a 7-acre parcel on the west side of Northwest 136th Avenue to a developer who has plans to build Portico, a cluster of five- and six-story apartment buildings with a total of 417 units. The Portico project may break ground as soon as August and open within two years, said Maria Sanchez, development director for the Richman Group of Florida in West Palm Beach.
Kavana, founder and CEO of K Group Holdings Inc., has owned the Metropica parcel since 1994. The Uruguay-born developer has been involved in several international real estate projects, including YOO Punta del Este in Uruguay and YOO Nordelta in Buenos Aires. Kavana has lived in Miami since 1980 and was involved in several local projects, including Jacaranda West in Plantation and Chapel Trail in Pembroke Pines.
His latest venture has been in the making for 20 years, his attorney said.
“Once it’s done, if it does to come to fruition, it would create a big economic boon for our community,” Kiar said. “I’m excited about this project. We’ve been working on this for so long.”
Metropica By The Numbers*
Size: An estimated 4 million square feet, nearly double the size of Sawgrass Mills
Height: Up to 18 stories
Condo units: 2,083
Townhouse units: 300
Office space: 785,000 square feet (roughly the size of 7.3 Walmart stoes)
Retail space: 485,000 square feet (roughly the size of 4.5 Walmart stores)
US Capital Holdings LLC, a leading private equity investor and developer of 321 North, has hired Jennifer L. Moran as Director of Leasing.
“Jen’s extensive contacts and experience will add to the momentum building at 321 North as we continue to develop leasing activity,” said Mr. Wei Chen, CEO, US Capital Holdings LLC.
US Capital will soon submit a revised site plan for all of 321 North to the city of Plantation to revitalize the former Fashion Mall. Moran is a key member of the planning process for the multi-million-dollar project and responsible for negotiating leases for retail, dining and entertainment tenants at the project, which is already underway.
“321 North will transform central Broward County,” Moran said. “Area residents will enjoy the same top quality of dining, retail and entertainment offerings that they now have to drive to Las Olas or Aventura to experience.”
Moran has managed commercial leasing in South Florida for more than 13 years. She was previously a partner and broker at Fabian Realty, handling commercial and residential leasing, and investment properties. Before that, Moran was director of leasing at Schmier & Feurring Realty, responsible for new business development, and leasing and landlord representation for more than 1.1 million square feet. As leasing manager for Turnberry Associates, Moran was involved in the specialty leasing at Aventura Mall.
She is a member of International Council of Shopping Centers (ICSC), Industrial & Office Properties (NAIOP), Commercial Real Estate Women (CREW) and University of Florida Real Estate. In addition, Moran has been honored by CoStar as a “Power Broker”.
https://sfoba.com/wp-content/uploads/2014/04/321-North-Lobby.png270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2014-04-23 21:01:282014-04-23 21:01:28321 North Names Director Of Leasing
Southeast Food Distribution has moved its corporate office from Miami Gardens to the Miramar Park of Commerce.
With the move to the park, the distributor will house all corporate operations, including its Southeast Frozen Foods, Southeast Wholesale Foods and The American Logistics Group divisions, under one roof.
“Our new offices will be strategically located between both our Southeast Frozen Foods’ distribution center and our Southeast Wholesale Foods’ distribution center,” said Rich Bauer, president/CEO of the company, in a news release. “We chose MPC for its strategic location and its aesthetically pleasing and safer environment. The location also provides a good labor pool and access to many hotels and restaurants for our visitors and associates.”
Maridee Bell and Ryan Goggins of Sunbeam Properties, along with Jonathan Kingsley of JLL, represented the Park in the transaction. Representing Southeast Frozen Foods were Lee Katsikos of The Katsikos Group and Michael Sigerman, PA.
Office Building Finds New Owner After Less Than 30 Days On The Market
/in Done Deals, News/by SFOBA STAFFAvison Young completed the $2.1 million sale of Plantation Tech I, a 37,357-square-foot office building located at 6600 NW 16th Street within, Plantation Technology Park.
David Duckworth, Vice President of Investment Sales with Avison Young, represented the seller, Matecumbe Rand Plantation I, LLC, in this transaction.
“Upon initial evaluation of the asset, we recommended that upcoming expiring leases be extended to add value and marketability of the building,” said Duckworth. “Once completed, we listed the building on the market and had a deal principally agreed upon within 30 days.”
Plantation Tech I is a fully occupied, single-story office building; it was highly sought after because it offers solid in-place cash flow along with value add potential. This submarket is attractive to tenants because of the ability to lease space at rental rates below County averages and it offers flexible zoning, which allows for a myriad of end-users.
Recent market reports indicate that the availability of attractive financing and overall improving market conditions positively impacted the volume of investment sales in the first quarter.
Plantation Technology Park was established in 1948 as the first industrial park in Broward County. The Park is comprised of approximately 160 acres located in the northeastern section of the City of Plantation. The area is home to Motorola Mobility Inc.’s 1 million-square-foot headquarters facility.
Richard Gerber Receives ‘Small Business Leader of the Year’ Award
/in News/by SFOBA STAFFThe Coral Springs Chamber of Commerce awarded the “Small Business Leader of the Year” for 2014 to Richard Gerber of Bryason Realty Corporation of Boca Raton.
The award is in acknowledgement of Richard’s commitment to the Coral Springs business community, his clients, and the Coral Springs Chamber of Commerce.
As a Commercial Real Estate Sales and Leasing professional with Bryason, Richard has assisted numerous firms in relocations to Coral Springs.
MPOC Scores Again: Maritime Company Inks 24,000 SF Deal
/in Done Deals, News/by SFOBA STAFFWilhelmsen Technical Solutions, a global provider of cost-efficient engineered solutions, equipment and services for the maritime and offshore industries, has moved to the Miramar Park of Commerce.
The company is leasing 24,200 square feet of space in MPC-11 at 2785 N Commerce Parkway.
“To find the place for our South Florida Wilhelmsen Technical Solutions business in today’s demand growing commercial real estate market was quite a challenge,” said Eugene Parfyonov of Wilhelmsen Technical Solutions. “Especially if you need a location that is close to cruise industry main players, must have ‘fit to purpose’ ratio of office and warehouse space that requires constant professional and customer friendly support from the property management team. Miramar Park of Commerce and Sunbeam Properties has it all and at a fair and balanced cost.”
Wilhelmsen Technical Solutions has more than 150 years of combined experience in the shipping and maritime service industries. With expertise in safety, HVAC, electrical and automation and insulation solutions, Wilhelmsen Technical Solutions provides solutions that help reduce installation time, cost and complexity, improve operational efficiency and minimize cost of ownership, and secure regulatory compliance.
“Large companies such as Wilhelmsen Technical Solutions, where efficiency is a top priority, not only require extensive warehouse space but also easy access to major roadways, and we’re able to offer that here at the Park,” said Maridee Bell, vice president of Sunbeam Properties, developer of the Park.
Bell and Ryan Goggins of Sunbeam Properties represented the Park in the transaction. Representing Wilhelmsen Technical Solutions was Tom Viscount of Butters Realty & Management.
Southeast Food Distribution also recently announced the move of its corporate office from Miami Gardens to the Miramar Park of Commerce, as previously reported.
Massive Mixed-Use Project Planned For Western Broward
/in News/by SFOBA STAFFIt’s like nothing that’s ever been built in South Florida.
Known as Metropica, the “city within a city” would have more than 2,000 condos, 300 townhomes and enough commercial space to hold 11 Walmarts.
The massive, $1.5 billion project — nearly double the size of neighboring Sawgrass Mills — would create the cornerstone of Broward County’s new “Western Downtown.” Construction could start as soon as January, said Michael Moskowitz, an attorney for Metropica developer Joseph Kavana.
It will take an estimated 10 years and 5,000 construction workers to build the mammoth development.
Local real estate experts were stunned by the sheer size of the project.
“My mouth has dropped,” said Jack McCabe, a real estate analyst in Deerfield Beach. “[The developer is] talking about 2,000 more condos in Sunrise and these aren’t even waterfront.” In Broward County alone, 4,000 condo units are either under construction or have been announced for near future development, McCabe said. “[The developer is] talking about 50 percent more than that in just one project,” McCabe said. “I’m surprised as hell. It’s almost like he wants to build a city within a city. With over 2,300 units, there would be 5,000 people living there.”
Jonathan Kingsley, an executive with the commercial real estate services firm JLL, can think of no other project like it in South Florida. “It’s an extremely ambitious concept,” Kingsley said. “There was a mixed-use project announced in Aventura, but not to this scale.”
This week, Broward commissioners gave the developer permission to build on an additional 9 acres of wetlands on the 50-acre parcel. In return, the developer will dedicate $1 million to create 20 acres of wetlands at Long Key Nature Center in Davie.
Once built, Metropica would generate an estimated $22 million a year in taxes, with $5 million going to Broward County, Moskowitz said.
“This is a phenomenal project that’s going to make that western part of Broward a major retail center and residential area,” Moskowitz said. “It fits in perfectly with the mall that’s already there. In terms of building, the real estate downturn is gone. Interest rates remain low. And the need for new housing is still high.”
Like many projects, Metropica was delayed by the Great Recession, Moskowitz said. “For all the time we’ve waited, this is the perfect time for them to hit the ground running and build what they’ve wanted to build for the past 15, 20 years,” Sunrise Commissioner Joey Scuotto said. “I’m happy it’s finally coming. It’s going to be a nice draw. It’s all good. They want to build condos, office space, restaurants and cafes.”
Kavana will soon meet with Sunrise officials to finalize plans for the project, Moskowitz said. “Just because he has approval for the maximum doesn’t mean he’ll build that,” Moskowitz said in an interview. “Their goal is to break ground on the first phase of development in January 2015.”
County Commissioner Martin Kiar, who represents the area, said officials in neighboring Plantation have told him they don’t want another Tao, the 26-story twin condo towers in Sunrise east of the mall. “Plantation residents have been telling me they don’t want another eyesore like Tao,” Kiar said. “That’s why it was important to me to make sure they build lower buildings. And now they have more land to build on because we released the 9 acres.”
Kavana is selling a 7-acre parcel on the west side of Northwest 136th Avenue to a developer who has plans to build Portico, a cluster of five- and six-story apartment buildings with a total of 417 units. The Portico project may break ground as soon as August and open within two years, said Maria Sanchez, development director for the Richman Group of Florida in West Palm Beach.
Kavana, founder and CEO of K Group Holdings Inc., has owned the Metropica parcel since 1994. The Uruguay-born developer has been involved in several international real estate projects, including YOO Punta del Este in Uruguay and YOO Nordelta in Buenos Aires. Kavana has lived in Miami since 1980 and was involved in several local projects, including Jacaranda West in Plantation and Chapel Trail in Pembroke Pines.
His latest venture has been in the making for 20 years, his attorney said.
“Once it’s done, if it does to come to fruition, it would create a big economic boon for our community,” Kiar said. “I’m excited about this project. We’ve been working on this for so long.”
Metropica By The Numbers*
Size: An estimated 4 million square feet, nearly double the size of Sawgrass Mills
Height: Up to 18 stories
Condo units: 2,083
Townhouse units: 300
Office space: 785,000 square feet (roughly the size of 7.3 Walmart stoes)
Retail space: 485,000 square feet (roughly the size of 4.5 Walmart stores)
*Numbers are based on initial plans
Source: SunSentinel
321 North Names Director Of Leasing
/in News/by SFOBA STAFFUS Capital Holdings LLC, a leading private equity investor and developer of 321 North, has hired Jennifer L. Moran as Director of Leasing.
“Jen’s extensive contacts and experience will add to the momentum building at 321 North as we continue to develop leasing activity,” said Mr. Wei Chen, CEO, US Capital Holdings LLC.
US Capital will soon submit a revised site plan for all of 321 North to the city of Plantation to revitalize the former Fashion Mall. Moran is a key member of the planning process for the multi-million-dollar project and responsible for negotiating leases for retail, dining and entertainment tenants at the project, which is already underway.
“321 North will transform central Broward County,” Moran said. “Area residents will enjoy the same top quality of dining, retail and entertainment offerings that they now have to drive to Las Olas or Aventura to experience.”
Moran has managed commercial leasing in South Florida for more than 13 years. She was previously a partner and broker at Fabian Realty, handling commercial and residential leasing, and investment properties. Before that, Moran was director of leasing at Schmier & Feurring Realty, responsible for new business development, and leasing and landlord representation for more than 1.1 million square feet. As leasing manager for Turnberry Associates, Moran was involved in the specialty leasing at Aventura Mall.
She is a member of International Council of Shopping Centers (ICSC), Industrial & Office Properties (NAIOP), Commercial Real Estate Women (CREW) and University of Florida Real Estate. In addition, Moran has been honored by CoStar as a “Power Broker”.
Southeast Foods Moves HQ To Miramar
/in Done Deals, News/by SFOBA STAFFSoutheast Food Distribution has moved its corporate office from Miami Gardens to the Miramar Park of Commerce.
With the move to the park, the distributor will house all corporate operations, including its Southeast Frozen Foods, Southeast Wholesale Foods and The American Logistics Group divisions, under one roof.
“Our new offices will be strategically located between both our Southeast Frozen Foods’ distribution center and our Southeast Wholesale Foods’ distribution center,” said Rich Bauer, president/CEO of the company, in a news release. “We chose MPC for its strategic location and its aesthetically pleasing and safer environment. The location also provides a good labor pool and access to many hotels and restaurants for our visitors and associates.”
Maridee Bell and Ryan Goggins of Sunbeam Properties, along with Jonathan Kingsley of JLL, represented the Park in the transaction. Representing Southeast Frozen Foods were Lee Katsikos of The Katsikos Group and Michael Sigerman, PA.
Source: SFBJ