FORT LAUDERDALE, FL—A class A office portfolio spanning 344,260square feet in Sunrise has traded hands. An institutional investoradvised by PNC Realty Investors sold the officebuildings to an affiliate of The Brookdale Groupfor an undisclosed amount.

The four buildings are located in Sawgrass InternationalCorporate Park, which sits at the interchange of SawgrassExpressway and Interstate 595. Sawgrass International CorporatePark features more than 7 million square feet of office,industrial, flex retail and hotel space. The four buildings areCorporate Center III, International Place I, Corporate Center I andSawgrass Plaza.

HFF senior managing director HermenRodriguez and director Ike Ojala, alongwith executive managing director Manuel de Zarragaand senior analyst Jorge Portela, represented theseller. Rodriguez did not return calls seeking comment, but said ina statement that the office portfolio received an “exceptionallevel of interest from a wide variety of investors ranging fromlocal private groups to pension fund advisors.”

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
NOT FOR REPRINT

© 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.