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Comcast Vacates 64,000 SF In Sunrise, Moves To Pembroke Pines

April 21, 2025/in Done Deals, News/by SFOBA STAFF

The vacated area accounts for more than half of the 112,791-square-foot building.

MOB Trades For $577 PSF In Delray Beach

April 13, 2025/in Done Deals, News/by SFOBA STAFF

Colliers Executive Vice President Mark M. Rubin and Senior Vice President Bastian Schauer of the South Florida Investment Services Team collaborated with Executive Vice President Gary A. Gottlieb in representing the seller in the transaction.

Comcast Vacates 64,000 SF In Sunrise, Moves To Pembroke Pines

April 21, 2025/in Done Deals, News/by SFOBA STAFF

The vacated area accounts for more than half of the 112,791-square-foot building.

MOB Trades For $577 PSF In Delray Beach

April 13, 2025/in Done Deals, News/by SFOBA STAFF

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Comcast Vacates 64,000 SF In Sunrise, Moves To Pembroke Pines

April 21, 2025/in Done Deals, News/by SFOBA STAFF

Comcast has chosen not to renew its lease at the Sawgrass International Corporate Park in Sunrise, choosing instead to relocate its internet connectivity team to a new office in Pembroke Pines.

A report from Cushman & Wakefield for the first quarter shows that Comcast vacated 63,850 square feet at 789 International Parkway. That space is now being marketed for lease.

The vacated area accounts for more than half of the 112,791-square-foot building, which is owned by MG3 Sawgrass Office LLC, a company based in Aventura. The building was built in 1999.

Comcast representative Steve Campion explained that the Sunrise location wasn’t being fully used, prompting the move. The team has now settled into a 28,890-square-foot space at The Edison Pembroke Pines, located at 1200 SW 145th Ave.

According to Campion, the smaller office is a better fit for the company’s current needs and offers proximity to the Shops at Pembroke Gardens, a well-known outdoor shopping center. He also mentioned that the new office, completed in 2019, offers a more modern and appealing environment for employees.

Source: SFBJ

MOB Trades For $577 PSF In Delray Beach

April 13, 2025/in Done Deals, News/by SFOBA STAFF

Colliers announced the sale of a fully leased medical office building for $9.67 million.

The state-of-the-art surgery center is located at 6646 W Atlantic Avenue in Delray Beach.

Colliers Executive Vice President Mark M. Rubin and Senior Vice President Bastian Schauer of the South Florida Investment Services Team collaborated with Executive Vice President Gary A. Gottlieb in representing the seller in the transaction. The buyer, Alliance Consolidated Group of Companies, LLC., was self-represented in the deal.

“With strong demand in the medical office market throughout Palm Beach County, this deal presented a compelling opportunity, supported by strong long-term tenancy in a vibrant market,” said Rubin.

The ±16,761-square-foot medical office building underwent a comprehensive renovation in 2020, transforming it into a modern healthcare facility. As part of this upgrade, a top-tier multi-specialty surgery center was added, featuring two fully equipped operating rooms and three treatment rooms. Additional capital improvements included a new HVAC system and a complete renovation of the common areas, enhancing operational efficiency and patient comfort. The building is fully occupied, with a reputable multi-specialty physician group anchoring the first floor, while the second and third floors are leased to a premier ambulatory healthcare provider.

“Ownership executed an exceptional renovation, successfully repositioning the property as a high-quality medical asset in the market,” said Schauer. “Its modern features, combined with a prime location near Delray Medical Center, offer direct access to top-tier healthcare services in a market defined by limited supply and growing demand.”

The surgery center is ideally situated in one of South Florida’s most desired and rapidly growing healthcare markets. It boasts direct frontage along Atlantic Avenue, a central east-west corridor with visibility to 41,500 vehicles per day. The property offers seamless access to Florida’s Turnpike and Interstate 95, facilitating connectivity to key healthcare hubs. Additionally, it’s well positioned for accessibility, with Palm Beach International Airport only 25 minutes away and the Fort Lauderdale Central Business District within a 35-minute drive, making it a convenient destination for patients and providers alike.

Palm Beach County’s medical office market remains a prime choice for investors, driven by strong fundamentals, high occupancy, and rising rents. Medical office properties continue outperforming other asset classes, with a 94% occupancy rate and rents surging 23.5% over the past five years. The sector has remained resilient amid economic shifts, supported by steady in-migration and increasing demand for healthcare services. This was reflected in the sale of this premier medical office surgery center at a record-breaking $577 per square foot, far exceeding the county’s 2024 average of $279 per square foot.

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Comcast Vacates 64,000 SF In Sunrise, Moves To Pembroke Pines

MOB Trades For $577 PSF In Delray Beach

Comcast Vacates 64,000 SF In Sunrise, Moves To Pembroke Pines

MOB Trades For $577 PSF In Delray Beach

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Comcast Vacates 64,000 SF In Sunrise, Moves To Pembroke Pines

MOB Trades For $577 PSF In Delray Beach

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