CB Richard Ellis Institutional Group executive vice presidentChristian Lee, Continental Real Estate Cos. executive vicepresident David Moret, CBRE/Melody South Florida office managingdirector Charles Foschini and CBRE/Melody South Florida office vicepresident Christopher Apone represented the seller in thetransaction. The seller was an affiliate of BC Property Investmentswhose principals are George Lindemann and Jud Laird.

Lee tells GlobeSt.com the seller acquired the property severalyears ago with the plan to add value. "The seller met theirobjectives with the property and decided this was a good time tosell," he says.

The building's placement within the submarket makes it a gatewaybetween the suburban communities to the south and the office,industrial and commercial districts to the north. Tenants in thebuilding include General Electric, Ingersoll-Rand Co., VistaHealthplan, Maersk/Sealand Inc. and the original developer of theproperty, Lennar Corp. Space in the property rents for $23.50 to$25.50 per sf.