{"id":1004184256,"date":"2017-07-18T07:15:14","date_gmt":"2017-07-18T15:15:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004184256"},"modified":"2022-12-08T05:30:22","modified_gmt":"2022-12-08T13:30:22","slug":"cbre-arranges-62m-sale-of-golden-bear-plaza","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-62m-sale-of-golden-bear-plaza\/","title":{"rendered":"CBRE Arranges $62M Sale of Golden Bear Plaza"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004184257\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/A4A76070-00DB-43F9-ACB9-1B1C52030958.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004184257\" data-attachment-id=\"1004184257\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-62m-sale-of-golden-bear-plaza\/a4a76070-00db-43f9-acb9-1b1c52030958\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/A4A76070-00DB-43F9-ACB9-1B1C52030958.jpg\" data-orig-size=\"1000,750\" 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;0&quot;}\" data-image-title=\"Golden Bear Plaza in Palm Beach Gardens, Fla.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Golden Bear Plaza in Palm Beach Gardens, Fla. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/A4A76070-00DB-43F9-ACB9-1B1C52030958.jpg?w=1000\" class=\"wp-image-1004184257 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/A4A76070-00DB-43F9-ACB9-1B1C52030958.jpg\" alt=\"Golden Bear Plaza\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/A4A76070-00DB-43F9-ACB9-1B1C52030958.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/A4A76070-00DB-43F9-ACB9-1B1C52030958.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/A4A76070-00DB-43F9-ACB9-1B1C52030958.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004184257\" class=\"wp-caption-text\">Golden Bear Plaza<\/p><\/div>\n<p>CBRE brokered the sale of Golden Bear Plaza, a Class A office campus totaling 245,673 square feet in Palm Beach Gardens, Fla. Equus Capital Partners Ltd. sold the three-building asset in a $62.3 million deal to an affiliate of Alliance Partners HSP, the East Coast operating platform of The Shidler Group.<\/p>\n<h2>Notable amenity base<\/h2>\n<p>Located at 11760, 11770 and 11780 U.S. Highway 1 on Palm Beach County\u2019s Prestige Coast, the office park features on-site property management, a fitness center, private exterior terraces, floor-to-ceiling windows, move-in ready suites, an upgraded garage and covered parking. Jack Nicklaus\u2019 company developed the property on a 10-acre site between 1985 and 1990.<\/p>\n<p>Vice Chairman Christian Lee and Senior Vice President Jos\u00e9 Lob\u00f3n of CBRE\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-construction-loan-for-florida-retail-center\/\">Capital Markets team<\/a> represented the seller in the transaction, while Neil Merin, chairman at NAI Merin Hunter Codman, worked on behalf of the buyer. Golden Bear Plaza previously changed hands in 2003, when Equus Capital Partners purchased it from Barrow Street Capital for $32.3 million, Yardi Matrix shows.\u00a0The complex provides access to Interstate 95, the Florida Turnpike, Palm Beach Garden\u2019s residential communities and is adjacent to Oakbrook Shopping Center.<\/p>\n<p><em>\u201cGolden Bear\u2019s strategic location on the east side of the PGA Boulevard Bridge makes it the Prestige Coast&#8217;s only institutional office building and the logical office address for wealthy decision-makers who live in Jupiter, Sea Colony, Juno Beach, and the adjacent Lost Tree Club,\u201d<\/em> said Lee, in prepared remarks.\u00a0\u00a0<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equus Capital Partners sold the three-building office complex to the East Coast operating platform of The Shidler Group, Alliance Partners HSP.<\/p>\n","protected":false},"author":240,"featured_media":1004184257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1492,21742,21747],"tags":[36813,32789,33346,36814],"class_list":["post-1004184256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-miami","category-latest","category-office","tag-alliance-partners-hsp","tag-cbre","tag-equus-capital-partners","tag-the-shidler-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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