{"id":1004487412,"date":"2020-10-27T04:53:17","date_gmt":"2020-10-27T12:53:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004487412"},"modified":"2025-02-26T02:25:24","modified_gmt":"2025-02-26T10:25:24","slug":"cushman-wakefield-brokers-23m-miami-office-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-brokers-23m-miami-office-sale\/","title":{"rendered":"Cushman & Wakefield Brokers $23M Miami Office Sale"},"content":{"rendered":"
\"\"<\/a>

Miramar Tech Center. Image courtesy of Cushman & Wakefield<\/i><\/p><\/div>\n

Cushman & Wakefield has facilitated the $22.6 million sale of Miramar Tech Center, a 56,710-square-foot Class A office property in Miramar, Fla. Scott O\u2019Donnell, Mike Ciadella, Dominic Montazemi, Greg Miller and Miguel Alcivar negotiated on behalf of the seller, United Data Technologies. The brokerage\u2019s Jason Hochman secured a $13.6 million acquisition loan for the buyer, Midtown Capital Partners. Citibank provided the 10-year note, according to Yardi Matrix data.<\/p>\n

The seller and developer acquired the 4-acre site at 2900 Monarch Lakes Blvd. for $2.1 million from Lake Montessori School in 2015, according to Broward County records. In 2017, City National Bank of Florida originated a $16.7 million construction loan for the project.<\/p>\n

The three-story building delivered in 2018 and is fully leased with new long-term commitments. Miramar Tech Center has impact windows designed to resist Category 4 hurricanes, a back-up generator and a connection to two different power grids for redundancy and dual HVAC systems. Additionally, the property has a five-story parking deck. The site is close to Interstate 75 and 23 miles northwest of downtown Miami.<\/p>\n

In July, a Cushman & Wakefield team including O\u2019Donnell, Ciadella and Montazemi assisted Bridge Investment Group in the $82.5 million disposition<\/a> of Bayview Corporate Tower, a 413,833-square-foot office property in Fort Lauderdale, Fla.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em>our short form<\/em><\/strong><\/a> or send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

The company assisted the seller and secured acquisition financing for the buyer, Midtown Capital Partners.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"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":[33457,32799,36161,35857,36160],"class_list":["post-1004487412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-miami","category-latest","category-office","tag-citibank","tag-cushman-wakefield","tag-dominic-montazemi","tag-greg-miller","tag-jason-hochman"],"acf":[],"yoast_head":"\nCushman & Wakefield Brokers $23M Miami Office Sale - 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-brokers-23m-miami-office-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman & Wakefield Brokers $23M Miami Office Sale\" \/>\n<meta property=\"og:description\" content=\"The company assisted the seller and secured acquisition financing for the buyer, Midtown Capital Partners.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-brokers-23m-miami-office-sale\/\" \/>\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=\"2020-10-27T12:53:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T10:25:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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-brokers-23m-miami-office-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-brokers-23m-miami-office-sale\/\",\"name\":\"Cushman & Wakefield Brokers $23M Miami Office Sale - 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