SUNRISE, FL—The joint venture of Chicago-based investment management firm Vanderbilt Office Properties and Barron Collier Companies of Naples, FL has acquired its second office building in the Sawgrass International Corporate Park here.
The partnership purchased Corporate Center II, a nearly fully-leased 91,221-square-foot Class A office building, from the U.S. real estate business of UBS Asset Management in a deal valued at $20.8 million.
Commercial brokerage firm Cushman & Wakefield reported the property sale. The Cushman & Wakefield investment sales team of vice chairman Mike Davis, managing director Dominic Montazemi, executive director Scott O'Donnell and executive director Rick Brugge represented the seller in the transaction.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.