Cornerstone Company Heart I. Picture courtesy of JLL Capital Markets
The Brookdale Group has acquired Cornerstone Company Heart I, a 170,172-square-foot, Class A workplace constructing in Plantation, Fla. Public data present that the asset modified fingers for $37.9 million.
JLL Capital Markets brokered the deal on behalf of the vendor, AFL-CIO Constructing Funding Belief, suggested by PNC Realty Buyers, and in addition procured the client. In response to CommercialEdge knowledge, the property had beforehand traded in 2000 for $32.8 million.
Situated at 1200 S. Pine Island Highway, the workplace constructing is a part of the Cornerstone Company Heart campus, offering connectivity to Interstate 595. Fort Lauderdale-Hollywood Worldwide Airport is a few 11 miles from the property.
Accomplished in 1992 on a 9.1-acre website, Cornerstone Company Heart I contains a lined parking deck, lately renovated fitness center and café. An array of retail and eating locations are additionally close by. Marriott Worldwide, Morgan Stanley and MetLife are among the many tenants on the 80 percent-leased property.
The JLL Capital Markets Funding Gross sales and Advisory workforce that assisted the vendor was led by Senior Managing Director Hermen Rodriguez, Managing Director Ike Ojala, Senior Director Matthew McCormack, Affiliate Max Lescano and Analyst Blake Koletic. Regardless of the rising rates of interest, there’s nonetheless substantial investor demand for suburban workplace buildings in South Florida, Rodriguez mentioned in a ready assertion.
