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M&M’s Mandel Brokers Coral Springs Office Sale

July 10, 2014/in Done Deals/by SFOBA STAFF

The asset sold for $4,275,000, equating to $114 per square foot. CLICK ON THE HEADLINE FOR MORE

Palm Beach Gardens Project Eliminates Office Component Amid Traffic Concerns

July 8, 2014/in News/by SFOBA STAFF

Over the past decade, developers in that part of the county have pushed to construct infill projects with multiple uses in urbanized areas. CLICK ON THE HEADLINE FOR MORE

M&M’s Mandel Brokers Coral Springs Office Sale

July 10, 2014/in Done Deals/by SFOBA STAFF

The asset sold for $4,275,000, equating to $114 per square foot. CLICK ON THE HEADLINE FOR MORE

Palm Beach Gardens Project Eliminates Office Component Amid Traffic Concerns

July 8, 2014/in News/by SFOBA STAFF

Over the past decade, developers in that part of the county have pushed to construct infill projects with multiple uses in urbanized areas. CLICK ON THE HEADLINE FOR MORE

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M&M’s Mandel Brokers Coral Springs Office Sale

July 10, 2014/in Done Deals/by SFOBA STAFF

Marcus & Millichap announced the sale of BB&T Bank Building, a 37,369 square foot office property located in Coral Springs.

The asset sold for $4,275,000, equating to $114 per square foot.

Douglas K. Mandel, a first vice present investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a partnership from Miami.

“This was an opportunity for an investor to acquire a stabilized asset located within the Coral Springs Community Redevelopment Area. The focus of the redevelopment plan is to convert the current low-density, unconnected, car-dependent, development pattern into a ‘real downtown’ where none has existed before,” says Mandel.

BB&T Bank Building was constructed in 1978 and is 93 percent occupied with a mix of professional office and medical office tenants. BB&T Bank has a branch in the property with drive-thru lanes and an ATM. The property is located adjacent to the Broward Health Coral Springs Hospital at 9600 West Sample Road in Coral Springs.

Palm Beach Gardens Project Eliminates Office Component Amid Traffic Concerns

July 8, 2014/in News/by SFOBA STAFF

The redevelopment of the Panama Hattie’s site near Palm Beach Gardens is being scaled down after nearby residents expressed concerns over the potential traffic impact of the project.

PGA Partners, led by developer Nick Mastroianni, reduced the condo component of the proposed $175 million redevelopment from 150 units to 84. About 20,000 square feet of office and restaurant space is also being eliminated from the plan.

The developer is trying to assemble an eight-acre site that combines waterfront restaurant Panama Hattie’s with other parcels to the south.

An application to annex the site on the south side of PGA Boulevard into Palm Beach Gardens is pending, according to the Palm Beach Post. The properties are part of unincorporated Palm Beach County.

Over the past decade, developers in that part of the county have pushed to construct infill projects with multiple uses in urbanized areas.

Half Sized Blog Element (Single Author Style)

Half Sized Blog Element (Multi Author Style)

M&M’s Mandel Brokers Coral Springs Office Sale

Palm Beach Gardens Project Eliminates Office Component Amid Traffic Concerns

M&M’s Mandel Brokers Coral Springs Office Sale

Palm Beach Gardens Project Eliminates Office Component Amid Traffic Concerns

Full Sized Blog Element (Big Preview Pic)

M&M’s Mandel Brokers Coral Springs Office Sale

Palm Beach Gardens Project Eliminates Office Component Amid Traffic Concerns

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