{"id":1004307500,"date":"2019-03-12T00:05:46","date_gmt":"2019-03-12T08:05:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004307500"},"modified":"2019-03-12T00:05:46","modified_gmt":"2019-03-12T08:05:46","slug":"ft-lauderdale-area-office-building-sells-for-21m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/","title":{"rendered":"Ft. Lauderdale-Area Office Building Sells for $21M"},"content":{"rendered":"
\"Corporate<\/a>

Corporate Center II<\/p><\/div>\n

Cushman & Wakefield has arranged the $20.8 million sale of Corporate Center II, a 91,221-square-foot office building in Sunrise, Fla. The U.S. real estate arm of UBS Asset Management sold the Class A property to a partnership between Vanderbilt Office Properties and Barron Collier Cos.<\/p>\n

Located at 1571 Sawgrass Corporate Parkway, the four-story asset is within Sawgrass International Corporate Park, a 612-acre master-planned office campus. Corporate Center II was completed in 1998 and features an on-site caf\u00e9, a two-story lobby, vaulted ceilings and a parking ratio of 4.4 per 1,000 square feet.<\/p>\n

Nearing full occupancy<\/h2>\n

The Cushman & Wakefield team of Vice Chairman Mike Davis, Managing Director Dominic Montazemi and Executive Directors Scott O\u2019Donnell and Rick Brugge acted on behalf of the seller. At the time of deal, the property was 98 percent leased to tenants including Cigna Insurance, Synechron and Heritage Insurance. According to Yardi Matrix data, Corporate Center II previously changed hands for $13.9 million in November 1998.<\/p>\n

The asset provides easy access to Sawgrass Expressway as well as interstates 75 and 595. Sawgrass International Corporate Park, home to more than 3 million of office and industrial space, is proximate to the Sawgrass Mills Shopping Center, Starbucks, LA Fitness and Panera Bread, among other surrounding amenities.<\/p>\n

\u201cThe amenity-rich setting, high visibility and exceptional parking ratio make Corporate Center II an attractive asset to a wide variety of corporate tenants,\u201d<\/em> Davis said in prepared remarks.<\/p>\n

Recently, a subsidiary of Bridge Investment Group acquired Sawgrass Technology Park, an 11-building complex<\/a>, also within the suburban office park. Fifteen Group sold the property for $74.3 million.<\/p>\n

Image courtesy of Cushman & Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield represented the seller in the disposition of Corporate Center II, a Class A property within the 612-acre Sawgrass International Corporate Park.<\/p>\n","protected":false},"author":240,"featured_media":1004307698,"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":[32799,36161,36244,36245,40434],"class_list":["post-1004307500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-miami","category-latest","category-office","tag-cushman-wakefield","tag-dominic-montazemi","tag-mike-davis","tag-rick-brugge","tag-ubs-asset-management"],"acf":[],"yoast_head":"\nFt. Lauderdale-Area Office Building Sells for $21M - 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\/ft-lauderdale-area-office-building-sells-for-21m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ft. Lauderdale-Area Office Building Sells for $21M\" \/>\n<meta property=\"og:description\" content=\"Cushman & Wakefield represented the seller in the disposition of Corporate Center II, a Class A property within the 612-acre Sawgrass International Corporate Park.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/\" \/>\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=\"2019-03-12T08:05:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Corporate-Center-II-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"895\" \/>\n\t<meta property=\"og:image:height\" content=\"671\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\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\/ft-lauderdale-area-office-building-sells-for-21m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/\",\"name\":\"Ft. Lauderdale-Area Office Building Sells for $21M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Corporate-Center-II-1.jpg\",\"datePublished\":\"2019-03-12T08:05:46+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Corporate-Center-II-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Corporate-Center-II-1.jpg\",\"width\":895,\"height\":671},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ft. Lauderdale-Area Office Building Sells for $21M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\",\"name\":\"Timea-Erika Papp\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"caption\":\"Timea-Erika Papp\"},\"description\":\"Timea is a senior writer covering CRE marketing, tech and real estate trends, as well as industry news in the U.S. Timea was previously a senior associate editor at Multi-Housing News and Commercial Property Executive and has an academic background in law. She has been working in the real estate industry since 2011.\",\"sameAs\":[\"timea-erika.papp@cpe-mhn.com\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/timeaerikapapp\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ft. Lauderdale-Area Office Building Sells for $21M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/","og_locale":"en_US","og_type":"article","og_title":"Ft. Lauderdale-Area Office Building Sells for $21M","og_description":"Cushman & Wakefield represented the seller in the disposition of Corporate Center II, a Class A property within the 612-acre Sawgrass International Corporate Park.","og_url":"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-03-12T08:05:46+00:00","og_image":[{"width":895,"height":671,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Corporate-Center-II-1.jpg","type":"image\/jpeg"}],"author":"Timea-Erika Papp","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/","url":"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/","name":"Ft. Lauderdale-Area Office Building Sells for $21M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Corporate-Center-II-1.jpg","datePublished":"2019-03-12T08:05:46+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Corporate-Center-II-1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Corporate-Center-II-1.jpg","width":895,"height":671},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/ft-lauderdale-area-office-building-sells-for-21m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Ft. Lauderdale-Area Office Building Sells for $21M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae","name":"Timea-Erika Papp","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g","caption":"Timea-Erika Papp"},"description":"Timea is a senior writer covering CRE marketing, tech and real estate trends, as well as industry news in the U.S. Timea was previously a senior associate editor at Multi-Housing News and Commercial Property Executive and has an academic background in law. She has been working in the real estate industry since 2011.","sameAs":["timea-erika.papp@cpe-mhn.com"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/timeaerikapapp\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Corporate-Center-II-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004307500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/240"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004307500"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004307500\/revisions"}],"predecessor-version":[{"id":1004307701,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004307500\/revisions\/1004307701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004307698"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004307500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004307500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004307500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}