{"id":1004163424,"date":"2017-01-06T14:22:09","date_gmt":"2017-01-06T22:22:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004163424"},"modified":"2022-12-09T01:31:57","modified_gmt":"2022-12-09T09:31:57","slug":"miami-comcast-call-center-trades-for-nearly-23m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/miami-comcast-call-center-trades-for-nearly-23m\/","title":{"rendered":"Miami Comcast Call Center Trades for Nearly $23M"},"content":{"rendered":"

By Robert Demeter<\/em><\/p>\n

\"Comcast<\/a>

Comcast Call Center, Miramar, Fla.<\/p><\/div>\n

Miami<\/strong>\u2014Cushman & Wakefield recently negotiated the sale of a 91,872-square-foot operations and call center property located near Miami in Miramar, Fla. The property traded for $22.8 million, or $248 per square foot.<\/p>\n

The seller, Chicago-based Green Meadows Miramar LLC, was represented by Cushman and Wakefield\u2019s Managing Director Dominic Montazemi, Executive Director Scott O’Donnell and Senior Associate Greg Miller. Key Biscayne, Fla.-based ATCG LLC was the buyer. Cushman & Wakefield\u2019s Capital Markets Team co-marketed the property along with CBRE Senior Vice President Tom O\u2019Loughlin. City National Bank of Florida provided a $13.8 million acquisition loan for the buyer.<\/p>\n

The building is situated at 15800 SW 25th St. on an 11-acre parcel within Miramar Center Business Park, just north of Interstate 75 and Miramar Parkway interchange. It\u2019s currently fully occupied by Comcast, which houses more than 800 employees at the site. The state-of-the-art asset is the company\u2019s second and most recent operation in Miramar. The global communications conglomerate leased the building until 2026 and self-manages it as well.<\/p>\n

The property was developed in 2000 and features a raised call center floor, renovated bathrooms, a fitness center, an on-site cafeteria, hurricane resistant construction, a full battery UPS backup generator and 650 surface parking spaces, among other amenities. The entire building underwent a $3 million capital improvement program earlier this year, financed by Green Meadows Miramar LLC and Comcast. More improvements are anticipated, and when construction\u00a0is complete the building will house multiple high-tech training rooms and demonstration laboratories in addition to the call center spaces. Comcast is projected to become the largest employer in Miramar after fully staffing the site.<\/p>\n

\u201cThis asset comprised an extremely well-located, high-quality asset with an irreplaceable amount of excess parking and land,\u201d said Montazemi in prepared remarks. \u201cThis was an exceedingly rare opportunity to acquire a major mission-critical facility with a long term lease to a Fortune 50 company.\u201d<\/p>\n

Photo\u00a0courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield’s Capital Markets team co-marketed the property along with CBRE Senior Vice President Tom O’Loughlin.<\/p>\n","protected":false},"author":49,"featured_media":1004163425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,1492,21742,21747],"tags":[32789,33372,32799],"class_list":["post-1004163424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-miami","category-latest","category-office","tag-cbre","tag-comcast","tag-cushman-wakefield"],"acf":[],"yoast_head":"\nMiami Comcast Call Center Trades for Nearly $23M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/miami-comcast-call-center-trades-for-nearly-23m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miami Comcast Call Center Trades for Nearly $23M\" \/>\n<meta property=\"og:description\" content=\"Cushman & Wakefield's Capital Markets team co-marketed the property along with CBRE Senior Vice President Tom O'Loughlin.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/miami-comcast-call-center-trades-for-nearly-23m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-06T22:22:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:31:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/3636.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/miami-comcast-call-center-trades-for-nearly-23m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/miami-comcast-call-center-trades-for-nearly-23m\/\",\"name\":\"Miami Comcast Call Center Trades for Nearly $23M - 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Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. 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