Peter joined JLL in 2011 as Senior Vice President in Agency Leasing. CLICK ON THE HEADLINE FOR MORE
The 37,357 square foot building was fully occupied at the time of the sale. CLICK ON THE HEADLINE FOR MORE
Peter Sheridan has left JLL and has joined Liberty Property Trust effective May 5th.
Reportedly, Sheridan will be tasked to handle leasing activity for Liberty’s assets from the Cypress Creek market South including transactions at Miami International Tradeport.
Liberty Property Trust acquired 126 acres in Miami-Dade County in late 2011 for the development of Miami International Tradeport in conjunction with Butters Construction & Development.
With an anticipated 1.6 million square feet of new institutional-grade warehouse and distribution space planned, Miami International Tradeport (MIT) is expected to add $135 million in value to Miami-Dade County’s tax base and create 4,000 new construction jobs with 2,000 full-time jobs upon completion.
Peter joined JLL in 2011 as Senior Vice President in Agency Leasing.
He previously worked for Premier Commercial Realty as President where he reported directly to the owners of the company regarding marketing, leasing, acquisition, management, design, and development of properties. Previous to that he worked for The Hogan Group as Regional Vice President and for Colliers International as Senior Vice President.
Peter is a member of NAIOP and holds his Florida Real Estate Brokers and Mortgage Brokers Licenses. He earned his Bachelor of Arts in Economics from Wabash College.
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.
Peter Sheridan And JLL Part Ways
/in News, Rumors/by SFOBA STAFFPeter joined JLL in 2011 as Senior Vice President in Agency Leasing. CLICK ON THE HEADLINE FOR MORE
Office Building Finds New Owner After Less Than 30 Days On The Market
/in Done Deals, News/by SFOBA STAFFThe 37,357 square foot building was fully occupied at the time of the sale. CLICK ON THE HEADLINE FOR MORE