{"id":1004328491,"date":"2019-06-03T03:47:21","date_gmt":"2019-06-03T11:47:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004328491"},"modified":"2019-07-03T01:09:34","modified_gmt":"2019-07-03T09:09:34","slug":"cushman-wakefield-arranges-sale-of-wpb-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/","title":{"rendered":"Cushman & Wakefield Arranges Sale of WPB Office Building"},"content":{"rendered":"
\"Commerce<\/a>

Commerce Pointe Gold. Image courtesy of Cushman & Wakefield<\/em><\/p><\/div>\n

Cushman & Wakefield has negotiated the sale of Commerce Pointe Gold, a 43,433-square-foot office building in West Palm Beach, Fla., on behalf of seller SF Partners. NAI\/Merin Hunter Codman Inc. represented the buyer in the $8.5 million deal. According to Yardi Matrix data, the property previously changed hands in 2011 for $4.3 million.<\/p>\n

Located at 1800 S. Australian Ave., Commerce Pointe Gold is adjacent to Interstate 95, within a 5-minute drive of downtown West Palm Beach, CityPlace and the new Brightline station. Palm Beach International Airport is also within a 5-minute drive of the asset. The four-story building was developed in 1986 on a 3.6-acre site, per Yardi Matrix data. SF Partners undertook ample renovations at Commerce Pointe Gold, driving occupancy up from 52 to 99 percent at the time of sale. The tenant roster includes Sasser, Cestero & Sasser, AEG Live SE, Law Offices of Craig Goldenfarb and Scuttina Real Estate Group. <\/p>\n

The Cushman & Wakefield Capital Markets team of Scott O\u2019Donnell, Greg Miller, Dominic Montazemi and Miguel Alcivar assisted the seller, while Jason Sundook and Neil Merin of NAI\/Merin Hunter Codman Inc. represented the buyer. <\/p>\n

Just 6 miles west of Commerce Pointe Gold, another office property traded a few days ago. A partnership led by Vanderbilt Office Properties acquired a 139,471-square-foot, two-building Class A asset<\/a> for $40 million. <\/p>\n","protected":false},"excerpt":{"rendered":"

SF Partners sold a 43,433-square-foot property for $8.5 million. At the time of the sale, the asset was almost fully occupied. <\/p>\n","protected":false},"author":870,"featured_media":1004328500,"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":[32799,36161,35857,38139,44531],"class_list":["post-1004328491","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-greg-miller","tag-nai-merin-hunter-codman","tag-sf-partners"],"acf":[],"yoast_head":"\nCushman & Wakefield Arranges Sale of WPB Office Building - 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\/cushman-wakefield-arranges-sale-of-wpb-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman & Wakefield Arranges Sale of WPB Office Building\" \/>\n<meta property=\"og:description\" content=\"SF Partners sold a 43,433-square-foot property for $8.5 million. At the time of the sale, the asset was almost fully occupied.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/\" \/>\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=\"2019-06-03T11:47:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-07-03T09:09:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Commerce-Pointe-Gold-e1559552524231.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1391\" \/>\n\t<meta property=\"og:image:height\" content=\"1042\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\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\/cushman-wakefield-arranges-sale-of-wpb-office-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/\",\"name\":\"Cushman & Wakefield Arranges Sale of WPB Office Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Commerce-Pointe-Gold-e1559552524231.jpg\",\"datePublished\":\"2019-06-03T11:47:21+00:00\",\"dateModified\":\"2019-07-03T09:09:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Commerce-Pointe-Gold-e1559552524231.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Commerce-Pointe-Gold-e1559552524231.jpg\",\"width\":1391,\"height\":1042,\"caption\":\"Commerce Pointe Gold\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cushman & Wakefield Arranges Sale of WPB Office Building\"}]},{\"@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\/d8680cf55f814fe2742cf94207212af1\",\"name\":\"Adriana Marinescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"caption\":\"Adriana Marinescu\"},\"description\":\"Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adriana-marinescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Cushman & Wakefield Arranges Sale of WPB Office Building - 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\/cushman-wakefield-arranges-sale-of-wpb-office-building\/","og_locale":"en_US","og_type":"article","og_title":"Cushman & Wakefield Arranges Sale of WPB Office Building","og_description":"SF Partners sold a 43,433-square-foot property for $8.5 million. At the time of the sale, the asset was almost fully occupied.","og_url":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-06-03T11:47:21+00:00","article_modified_time":"2019-07-03T09:09:34+00:00","og_image":[{"width":1391,"height":1042,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Commerce-Pointe-Gold-e1559552524231.jpg","type":"image\/jpeg"}],"author":"Adriana Marinescu","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\/cushman-wakefield-arranges-sale-of-wpb-office-building\/","url":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/","name":"Cushman & Wakefield Arranges Sale of WPB Office Building - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Commerce-Pointe-Gold-e1559552524231.jpg","datePublished":"2019-06-03T11:47:21+00:00","dateModified":"2019-07-03T09:09:34+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Commerce-Pointe-Gold-e1559552524231.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Commerce-Pointe-Gold-e1559552524231.jpg","width":1391,"height":1042,"caption":"Commerce Pointe Gold"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-wpb-office-building\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Cushman & Wakefield Arranges Sale of WPB Office Building"}]},{"@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\/d8680cf55f814fe2742cf94207212af1","name":"Adriana Marinescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g","caption":"Adriana Marinescu"},"description":"Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-marinescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Commerce-Pointe-Gold-e1559552524231.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004328491","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\/870"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004328491"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004328491\/revisions"}],"predecessor-version":[{"id":1004335940,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004328491\/revisions\/1004335940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004328500"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004328491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004328491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004328491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}