{"id":1004175432,"date":"2017-05-05T05:36:17","date_gmt":"2017-05-05T13:36:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004175432"},"modified":"2022-12-06T22:13:52","modified_gmt":"2022-12-07T06:13:52","slug":"cbre-arranges-sale-of-miami-area-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-miami-area-retail-asset\/","title":{"rendered":"CBRE Arranges Sale of Miami-Area Retail Asset"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004175435\" style=\"width: 387px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/VIEW25-OUTLOT-9_raw0001-2-e1493987897868.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004175435\" data-attachment-id=\"1004175435\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-miami-area-retail-asset\/view25-outlot-9_raw0001-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/VIEW25-OUTLOT-9_raw0001-2-e1493987897868.jpg\" data-orig-size=\"1741,1023\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"Rendering of Plantation Pointe retail component\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Rendering of Plantation Pointe retail component&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/VIEW25-OUTLOT-9_raw0001-2-e1493987897868.jpg?w=1024\" class=\"wp-image-1004175435 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/VIEW25-OUTLOT-9_raw0001-2-e1493987897868.jpg\" alt=\"Rendering of Plantation Pointe retail component\" width=\"377\" height=\"221\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/VIEW25-OUTLOT-9_raw0001-2-e1493987897868.jpg 1741w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/VIEW25-OUTLOT-9_raw0001-2-e1493987897868.jpg?resize=300,176 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/VIEW25-OUTLOT-9_raw0001-2-e1493987897868.jpg?resize=768,451 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/VIEW25-OUTLOT-9_raw0001-2-e1493987897868.jpg?resize=1024,602 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/VIEW25-OUTLOT-9_raw0001-2-e1493987897868.jpg?resize=1536,903 1536w\" sizes=\"auto, (max-width: 377px) 100vw, 377px\" \/><\/a><p id=\"caption-attachment-1004175435\" class=\"wp-caption-text\">Rendering of Plantation Pointe retail component<\/p><\/div>\n<p>CBRE has closed the sale of the recently developed retail component of Plantation Pointe, an office park located at the southeast corner of University Drive and Sunrise Boulevard in Plantation, Fla. The deal included a 1.7-acre parcel located at 1780 N. University Drive, with two multi-tenant retail buildings totaling 17,502 square feet.<\/p>\n<p>Executive Vice President Dennis Carson, Senior Vice President David Donnellan and Executive Vice President Casey Rosen of <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-construction-loan-for-florida-retail-center\/\">CBRE<\/a>\u2019s Capital Markets team represented the seller, an affiliate of Chicago-based Torburn Partners, the developers of Plantation Pointe. According to public records, Plantar LLC purchased the properties from an entity affiliated with Miami-based Midtown Realty, in a $21.2 million deal.<\/p>\n<p><em>\u201cThe retail component of Plantation Pointe has a high percentage of fast casual restaurants, which not only creates a built-in quasi food court for the 875,000 square feet of adjacent office space at Plantation Pointe, but also fills a need for quality food options for the surrounding densely populated neighborhoods,\u201d<\/em> said Donnellan in prepared remarks.<\/p>\n<p>Plantation Pointe\u2019s tenant roster boasts retailers such as Chipotle, Pieology, Panda Express, AT&amp;T and a new Walgreens that separately occupies a 16,510-square-foot building. The property is near regional retail centers including Sawgrass Mills in Sunrise and Broward Mall in Plantation.<\/p>\n<p><em>Rendering courtesy of Torburn Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sales advisory team worked on behalf of Torburn Partners, a Chicago-based company that is also the developer of the project.<\/p>\n","protected":false},"author":240,"featured_media":1004175435,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1492,21742,21749],"tags":[38102,32789],"class_list":["post-1004175432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-miami","category-latest","category-retail","tag-att","tag-cbre"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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