Tag Archive for: cornerstone one

CBRE Capital Markets Secures $30.2 Million Financing Broward Office Building

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CBRE Capital Markets’ Debt & Structured Finance Group has successfully secured a $30.2 million bank balance sheet loan to finance Cornerstone One, a premier Class A office property in Plantation.

The transaction was facilitated by CBRE’s Senior Vice President Amy Julian and First Vice President Andrew Chilgren.

Situated in the Midtown Plantation Development District, Cornerstone One benefits from the recent addition of over 3,900 multifamily apartments and 350,000 square feet of new retail space. Its strategic location at the intersection of key Broward County roadways offers exceptional transportation access, making it an attractive destination for tenants.

“Cornerstone One’s prime location and exceptional asset quality have enabled the property to execute nearly 90,000 square feet of leasing in the past two years,” said Julian.

This strong leasing momentum precedes the Owner’s planned renovations, which include a lobby overhaul, move-in ready spec suites, as well as upgrades to the outdoor patios.

“The ongoing renovations will reinforce Cornerstone One’s position as one of the leading suburban office properties in South Florida,” added Chilgren.

Colliers’ Jonathan Kingsley & C&W’s Katherine Ridgway Team Up To Bring Amerant Bank’s Regional HQ To Broward

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A Florida community bank is opening a 12,500-square-foot regional office in Broward County.

The parent firm of Coral Gables-based Amerant Bank, Amerant Bancorp, has unveiled a 5,500 square foot location in Plantation’s Cornerstone One building. According to a release, Amerant Bank plans to expand into an additional 7,000 square feet of office space in the second half of 2024.

Amerant Bank was represented in the lease negotiations by Jonathan Kingsley of Colliers International. Atlanta-based Brookdale Group,owner of Cornerstone One, was represented by Katherine Ridgway of Cushman & Wakefield.

Up to 45 workers, mostly from the commercial and private banking teams, will work out of the Cornerstone office once it is fully operational, according to an Amerant spokesman. Members of the Amerant executive team will work out of the Cornerstone office multiple days each week as well.

 

Source:  SFBJ