{"id":1004162813,"date":"2016-12-30T09:00:24","date_gmt":"2016-12-30T17:00:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004162813"},"modified":"2022-12-08T14:01:36","modified_gmt":"2022-12-08T22:01:36","slug":"cj-partners-acquires-14m-mixed-use-facility-in-hollywood-fl","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cj-partners-acquires-14m-mixed-use-facility-in-hollywood-fl\/","title":{"rendered":"CJ Partners Acquires $14M Mixed-Use Facility in Hollywood, FL"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004162814\" style=\"width: 366px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/The-Wartsila-Building-Hollywood-Fla..png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004162814\" data-attachment-id=\"1004162814\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cj-partners-acquires-14m-mixed-use-facility-in-hollywood-fl\/the-wartsila-building-hollywood-fla\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/The-Wartsila-Building-Hollywood-Fla..png\" data-orig-size=\"800,413\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Wartsila Building, Hollywood, Fla.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/The-Wartsila-Building-Hollywood-Fla..png?w=800\" loading=\"lazy\" class=\"wp-image-1004162814 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/The-Wartsila-Building-Hollywood-Fla..png\" alt=\"The Wartsila Building, Hollywood, Fla.\" width=\"356\" height=\"184\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/The-Wartsila-Building-Hollywood-Fla..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/The-Wartsila-Building-Hollywood-Fla..png?resize=300,155 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/The-Wartsila-Building-Hollywood-Fla..png?resize=768,396 768w\" sizes=\"auto, (max-width: 356px) 100vw, 356px\" \/><\/a><p id=\"caption-attachment-1004162814\" class=\"wp-caption-text\">The Wartsila Building, Hollywood, Fla.<\/p><\/div>\n<p><strong>Hollywood, Fla<\/strong>.\u2014CJ Partners Hollywood LLC recently purchased the $13.7 million Wartsila Building, a high-tech warehouse and manufacturing facility located at 2900 SW 42 St. in Hollywood, Fla. Alan Levy, broker &amp;\u00a0president of Levy Realty Advisors\u00a0represented the buyer.<\/p>\n<p>Hanseatic Land Trust, represented by Cushman &amp; Wakefield\u2019s Dominic Montazemi, Greg Miller and Scott O&#8217;Donnell sold the 81,922-square-foot warehouse facility, which represents the second single-tenant office\/warehouse Broward County transaction that Alan Levy has handled for the principals involved with the CJ Partnership since entering the market in 2014.<\/p>\n<p>Situated in Port 95 Commerce Park, the property is a mixed-use business park comprising more than 2.4 million square feet of space situated on 186 acres of land, located west of the Fort Lauderdale\/Hollywood International Airport.<\/p>\n<p>\u201cThe principals were attracted to the long-term stability of the highly sought after Port 95 Industrial submarket due to its close proximity to the Ft. Lauderdale\/Hollywood airport, Port Everglades, and the I-595\/I-95 corridor for Class A industrial properties with credit tenants, which was reflected in the acquisition price,\u201d Levy said in a statement.<\/p>\n<p>The property was used for warehousing, distribution, training, manufacturing and maintenance of the company\u2019s products and services and also as a regional headquarters for North America for the U.S arm of Wartsila, a supplier of flexible power plants and ship power solutions. The office area of the building was recently expanded by approximately 4,000 square feet, for a total of 32,000 square feet and 32 additional parking spaces were added to accommodate the tenants rapid growth.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Levy Realty Advisors represented the buyer in the purchase of 81,922-square-foot office\/warehouse facility located in Port 95 Commerce Park.<\/p>\n","protected":false},"author":463,"featured_media":1004162814,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21783,1492,21752,21742],"tags":[32799],"class_list":["post-1004162813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-investment","category-miami","category-mixed-use","category-latest","tag-cushman-wakefield"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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