The judgment includes unpaid rent, late fees and legal fees.
Christopher Dubberly and Jacob Sanchez with CBRE’s South Florida Healthcare team in Fort Lauderdale are leasing the property on behalf of the owner, Chicago-based Remedy Medical Properties.
Boca Raton-based CP Group has been awarded significant financial recoveries due to unpaid rent from tenants.
The latest case involves a default judgment of nearly $3.9 million against SuttonPark Capital LLC and Singer Asset Finance Company LLC, stemming from overdue rent, legal fees, late charges, and accelerated rent payments. It highlights a broader trend of aggressive legal action by CP Group when tenants fall behind on rent payments, as seen in the previous case with tenants at Miami Tower.
The default judgment is based on a substantial lease agreement for office space at One Boca Place, where the tenants failed to pay rent between June and October 2024, despite receiving a formal default notice. With the default judgment, CP Group has secured payment for both the past-due amounts and the remaining lease balance. Given the large figures involved and the history of litigation for unpaid rent at CP Group’s properties, this case underscores the importance of tenants adhering to lease terms, as failing to do so can result in hefty penalties beyond just unpaid rent.
The legal victories CP Group has experienced could further incentivize landlords in similar situations to pursue legal recourse for unpaid rents.
Source: SFBJ
CBRE has been selected as the exclusive leasing agent for Coral Springs Medical Center, a 50,000-square-foot Class A medical office building in Coral Springs.
Christopher Dubberly and Jacob Sanchez with CBRE’s South Florida Healthcare team in Fort Lauderdale are leasing the property on behalf of the owner, Chicago-based Remedy Medical Properties.
Located at 1725 North University Drive, the four-story building offers three medical office spaces: a 14,500-square-foot, fully built-out surgical center with operating rooms and clinical space; a 5,583-square-foot medical suite featuring 12 exam rooms; and a 2,340-square-foot administrative office space. The property includes a 4.50:1000 parking ratio, covered patient drop-off, and prominent building signage opportunities.
“We’re excited to offer these premier medical spaces in the heart of Coral Springs,” said Dubberly, a First Vice President at CBRE. “The combination of move-in ready medical suites, established surgical infrastructure, and prime location makes this an ideal opportunity for healthcare providers looking to establish or expand their presence in South Florida.”
“The property’s institutional ownership through Remedy Medical Properties ensures a high-quality environment for medical tenants and their patients,” he added.
Situated 1.5 miles from Broward Health Coral Springs, the property is easily accessible via major roadways that support greater South Florida and serves an affluent demographic with average household incomes exceeding $101,000. It’s also three miles from HCA Florida Woodmont Hospital and one mile from The Walk at University and Coral Square.
Boca Raton Office Owner Wins Multimillion-Dollar Lawsuit Against Tenant
/in News/by SFOBA STAFFThe judgment includes unpaid rent, late fees and legal fees.
CBRE Engaged To Lease Class A Medical Office Building In Coral Springs
/in Done Deals, News/by SFOBA STAFFChristopher Dubberly and Jacob Sanchez with CBRE’s South Florida Healthcare team in Fort Lauderdale are leasing the property on behalf of the owner, Chicago-based Remedy Medical Properties.