{"id":1004371112,"date":"2019-11-29T06:08:59","date_gmt":"2019-11-29T14:08:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004371112"},"modified":"2021-05-15T05:54:11","modified_gmt":"2021-05-15T13:54:11","slug":"south-florida-office-campus-sells-for-33m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/south-florida-office-campus-sells-for-33m\/","title":{"rendered":"South Florida Office Campus Sells for $33M"},"content":{"rendered":"
\"Sawgrass<\/a>

Sawgrass Village. Image courtesy of Cushman & Wakefield<\/em><\/p><\/div>\n

MG3 Developer Group has purchased Sawgrass Village, a 112,456-square-foot office campus in Sunrise, Fla. RREEF Property Trust sold the Class B asset for $32.7 million. Cushman & Wakefield represented the seller and secured a 10-year, $21.3 million loan from Citigroup for the buyer.<\/p>\n

Located at 789 and 799 International Parkway, Sawgrass Village occupies 11.3 acres within Sawgrass International Corporate Park, the 612-acre, master-planned business campus offering more than 3 million square feet of office and industrial space. Situated near the intersection of interstates 75 and 595, the property has direct access to Port Everglades and Fort Lauderdale-Hollywood International Airport.<\/p>\n

Sawgrass Village consists of two single-story office buildings, fully leased to Comcast and Bolton Medical at the time of sale. Both tenants renewed their long-term agreements earlier this year, according to Yardi Matrix.<\/p>\n

Earlier this year, Bridge Investment Group acquired an office park<\/a> less than 2 miles north for $74 million. The 11-building campus comprises nearly 515,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

The park has two buildings totaling more than 110,000 square feet and is fully leased to two long-term tenants.<\/p>\n","protected":false},"author":870,"featured_media":1004371127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,1492,21742,21747],"tags":[42920,32799,40396],"class_list":["post-1004371112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-miami","category-latest","category-office","tag-citigroup","tag-cushman-wakefield","tag-rreef-property-trust"],"acf":[],"yoast_head":"\nSouth Florida Office Campus Sells for $33M - 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\/south-florida-office-campus-sells-for-33m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Florida Office Campus Sells for $33M\" \/>\n<meta property=\"og:description\" content=\"The park has two buildings totaling more than 110,000 square feet and is fully leased to two long-term tenants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/south-florida-office-campus-sells-for-33m\/\" \/>\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=\"2019-11-29T14:08:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T13:54:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Sawgrass-Village-e1574690226162.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"912\" \/>\n\t<meta property=\"og:image:height\" content=\"684\" \/>\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\/south-florida-office-campus-sells-for-33m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/south-florida-office-campus-sells-for-33m\/\",\"name\":\"South Florida Office Campus Sells for $33M - 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