The seller originally acquired the property in 2017 for $12.2 million.
The deal closed as-is with no inspections in just 30 days.
An office property in western Broward County recently sold, reflecting continued investment activity in the region’s commercial real estate market.
The Edison Pembroke Pines, located at 1200-1300 Southwest 145th Avenue, sold for $44.5 million. Spanning nearly 263,000 square feet, the transaction equates to approximately $170 per square foot.
The seller was Pembroke 145 Office LLC, an affiliate of TPA Group, which originally acquired the property in 2017 for $12.2 million.
The buyer was an LLC tied to Midtown Capital Partners. The acquisition underscores ongoing interest from local capital groups seeking scale and long-term positioning within the South Florida office market.
In April 2025, Comcast settled into a 28,890-square-foot space at the property, vacating 63,850 square feet at 789 International Parkway in Sunrise.
Despite broader shifts in office demand nationwide, transactions of this size suggest that investors continue to pursue well-located, institutional-quality office properties in the region.
Source: The Real Deal
Vision Real Estate Advisors’ Managing Directors Elon Gerberg and Adam H. Klein announced the successful closing of the Boca Raton Executive Offices.
Located at the high-visibility corner of Yamato Road and Highway 441 in Boca Raton, Boca Raton Executive Offices, a 11,300-square-foot office building, sold for $5,750,000, or approximately $800 per square foot.
Demonstrating the firm’s brokerage expertise, the deal closed as-is with no inspections in just 30 days.
“This property sat on the market for an entire year before we were awarded the listing,” said Adam H. Klein, Managing Director at Vision Real Estate Advisors. “Once engaged, we generated nearly 10 offers and moved to a swift 30-day closing. This result proves that capital remains incredibly aggressive for quality, high-visibility assets in South Florida.”
The SFOBA is a network of Professional Office Leasing Brokers in South Florida. Membership is by invitation only – landlord and tenant representatives are included.
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Pembroke Pines Office Property Trades, More Than Triples In Value
/in Done Deals, News/by SFOBA STAFFThe seller originally acquired the property in 2017 for $12.2 million.
Vision Real Estate Advisors Completes Sale Of Boca Office Building For $800 PSF
/in Done Deals, News/by SFOBA STAFFThe deal closed as-is with no inspections in just 30 days.