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NKF Capital Markets Completes $12 Million Sale Of AT&T Net Lease Office Building In Plantation

September 17, 2018/in Done Deals, News/by SFOBA STAFF

Location, accessibility and the potential for future redevelopment were three key factors that influenced the buyer’s purchase decision. CLICK ON THE HEADLINE FOR MORE

CBRE Selected To Lease Office Space At South Florida’s Largest Mixed-Use Project

September 10, 2018/in Done Deals, News/by SFOBA STAFF

In addition to its office component, once completed, the project will encompass more than 2,250 residential units, retail, shopping and entertainment, green spaces, public spaces dedicated to the arts, and a boutique luxury hotel. CLICK ON THE HEADLINE FOR MORE

NKF Capital Markets Completes $12 Million Sale Of AT&T Net Lease Office Building In Plantation

September 17, 2018/in Done Deals, News/by SFOBA STAFF

Location, accessibility and the potential for future redevelopment were three key factors that influenced the buyer’s purchase decision. CLICK ON THE HEADLINE FOR MORE

CBRE Selected To Lease Office Space At South Florida’s Largest Mixed-Use Project

September 10, 2018/in Done Deals, News/by SFOBA STAFF

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NKF Capital Markets Completes $12 Million Sale Of AT&T Net Lease Office Building In Plantation

September 17, 2018/in Done Deals, News/by SFOBA STAFF

NKF Capital Markets announced the $12 million sale of the AT&T net lease office building in Plantation to Fifteen Group Capital LLC.

The 130,549-square-foot, single-tenant building has been a headquarter location for a subsidiary of AT&T, Bellsouth Telecommunications Inc., since the building was constructed in 1985.

NKF Executive Managing Director Michael Lapointe and Managing Director Michael Lohmannrepresented the owner, FT-Florida Property LLC, along with Brian Bartlett and John Richardsonfrom Newmark Phoenix Realty Group.

Location, accessibility and the potential for future redevelopment were three key factors that influenced the buyer’s purchase decision.

“Acquiring a 14AC site with in-place income in one of the most sought-after submarkets in Broward County was very attractive to the buyer, who has plans to reposition the property in the future,” said Lohmann.

Situated on 13.72 acres at 8601 West Sunrise Boulevard, the two-story office building is based in the heart of a dense commercial corridor. The property also benefits from a wide range of retail options, including several restaurants, medical services, a Walmart and a Publix, and accessibility to major highways.

CBRE Selected To Lease Office Space At South Florida’s Largest Mixed-Use Project

September 10, 2018/in Done Deals, News/by SFOBA STAFF

Metropica, one of the nation’s largest under-construction mixed-use projects, announced today it has retained CBRE to handle pre-leasing at 1700 Metropica Way, a ±170,000 sq. ft. Class A office building to be completed in 2020. The second phase of Metropica’s office development, which entails up to 500,000 sq. ft., is also available for office leasing and build-to-suits. CBRE’s Carol Elis-Cutler and Chris Gallagher will spearhead leasing efforts for 1700 Metropica Way.

In addition to its office component, once completed, Metropica will encompass more than 2,250 residential units, retail, shopping and entertainment, green spaces, public spaces dedicated to the arts, and a boutique luxury hotel. The project, which is being developed by Metropica Development LLC and designed by the award-winning team of Cooper Carry, CI Design, Oppenheim Architecture, YOO Design Studio and EDSA, is scheduled to complete the first of its eight residential towers and welcome its first residents this December.

“Across the U.S., we are seeing the incredible impact and success similar mixed-use projects are having in their markets, such as Hudson Yards in New York City, Avalon in Alpharetta, Georgia, and Ballpark Village in St. Louis, Missouri. We know Metropica will transform Sunrise and West Broward County, and we are thrilled to be part of this ground-breaking project,” said Carol Elis-Cutler, first vice president at CBRE.

1700 Metropica Way’s Class A office space, which is being developed on the southern segment of the project’s 65 acres, will be set atop street-level retail. Future phases will include the 480,000 sq. ft. business park campus on the northern portion of the site. State-of-the-art WiFi throughout Metropica’s outdoor spaces will ensure full connectivity across the entire property.

“We are delighted to be working with CBRE on the pre-leasing of 1700 Metropica, which will be situated in the heart of Metropica’s vibrant urban, high-street community with access to top retail and dining experiences just steps away,” said Bernard Werner, President and COO of Metropica Development LLC. “CBRE’s national reach and extensive resources make them an ideal match with our vision to bring top corporations, organizations and industries to this compelling new Class A office building.”

Metropica is located at 1800 Northwest 136th Avenue, on the northeast corner of Sunrise Boulevard and 136th Avenue, west of outlet mall Sawgrass Mills. It is just a few minutes from South Florida’s major highways, including I-75, I-95, I-595 and the Florida Turnpike, less than 15 minutes from Weston and the Fort Lauderdale International Airport, and less than a half hour from the Fort Lauderdale beaches, Boca Raton, and Aventura.

“This is a pivotal point for new office development in Sunrise. With occupancy at an all-time high, large office users in the market have very few options when relocating or expanding,” said Chris Gallagher, senior vice president at CBRE. “Metropica is ideally situated in the true urban epicenter of the tri-county area, offering corporate tenants access to more than 6 million people in South Florida through major transportation hubs within an hour’s commute time. Metropica’s truly innovative nature offers corporate clients major connectivity, state-of-the-art offices with high-tech amenities, and much more.”

According to CBRE’s Q2 Office MarketView report, the Sunrise/Sawgrass submarket currently encompasses more than 2.4 million sq. ft. of office space. Leading corporate headquarters in the area surrounding Metropica include American Express, HBO Latino, AT&T, Magic Leap, and Universal Music.

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NKF Capital Markets Completes $12 Million Sale Of AT&T Net Lease Office Building In Plantation

CBRE Selected To Lease Office Space At South Florida’s Largest Mixed-Use Project

NKF Capital Markets Completes $12 Million Sale Of AT&T Net Lease Office Building In Plantation

CBRE Selected To Lease Office Space At South Florida’s Largest Mixed-Use Project

Full Sized Blog Element (Big Preview Pic)

NKF Capital Markets Completes $12 Million Sale Of AT&T Net Lease Office Building In Plantation

“Acquiring a 14AC site with in-place income in one of the most sought-after submarkets in Broward County was very attractive to the buyer, who has plans to reposition the property in the future,” said Lohmann.

CBRE Selected To Lease Office Space At South Florida’s Largest Mixed-Use Project

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