Tag Archive for: 789 international parkway

Pembroke Pines Office Property Trades, More Than Triples In Value

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An office property in western Broward County recently sold, reflecting continued investment activity in the region’s commercial real estate market.

The Edison Pembroke Pines, located at 1200-1300 Southwest 145th Avenue, sold for $44.5 million. Spanning nearly 263,000 square feet, the transaction equates to approximately $170 per square foot.

The seller was Pembroke 145 Office LLC, an affiliate of TPA Group, which originally acquired the property in 2017 for $12.2 million.

The buyer was an LLC tied to Midtown Capital Partners. The acquisition underscores ongoing interest from local capital groups seeking scale and long-term positioning within the South Florida office market.

In April 2025, Comcast settled into a 28,890-square-foot space at the property, vacating 63,850 square feet at 789 International Parkway in Sunrise.

Despite broader shifts in office demand nationwide, transactions of this size suggest that investors continue to pursue well-located, institutional-quality office properties in the region.

Source:  The Real Deal

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

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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