LAUDERDALE LAKES AND LAUDERHILL, FLA. — Cushman & Wakefield has brokered the $81 million sale of an industrial portfolio in South Florida’s Broward County. The portfolio comprises multiple warehouses branded “Elevate Broward” with suites ranging in size from 1,000 to 10,000 square feet. Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge and Rick Colon of Cushman & Wakefield represented the seller, Harbert Management Corp., in the transaction. The buyer was NorthBridge Partners. The portfolio comprises eight buildings at 3435-3699 N.W. 19th St. in Lauderdale Lakes and three buildings at 3311 and 1842-1896 N.W. 38th Ave. in Lauderhill. The assets were built between 1979 and 1984 and were leased to more than 100 tenants at the time of sale. Prior to the sale, Harbert Management and operator Last Mile Holdings executed a $2.4 million capital improvement plan for the Elevate Broward portfolio.
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ATLANTA — Partners Capital, the investment arm of Houston-based Partners Real Estate, has acquired Powers Ferry Business Park, a five-building flex park in Atlanta’s Cumberland-Galleria submarket. Built in 1982, the 261,949-square-foot campus sits on 26 acres within two miles of Battery Atlanta and Truist Park, home of the Atlanta Braves. Partners Capital purchased Powers Ferry Business Park through Opportunity Fund VI, its newly launched investment vehicle. The seller and sales price were not disclosed, but the Atlanta Business Chronicle reports the property traded for $46.1 million in an off-market transaction. The park was 91 percent leased at the time of sale to 36 tenants. Partners Capital plans to make capital improvements to Powers Ferry Business Park over the course of its ownership.
CORAL GABLES, FLA. — JLL has arranged a $24.7 million loan for the refinancing of 2000 Ponce, a 109,745-square-foot office building in Coral Gables, about five miles west of Miami. Jesse Wright, Matt McCormack, Joshua Odessky and Patrick Salata of JLL arranged the five-year loan through Crestline Investors on behalf of the borrower, Westside Capital Group, a private equity firm that purchased the property in 2022. 2000 Ponce features ground-level retail space leased to tenants including Bachour Marketplace, D’Cassa and Zativa Life Health and Wellness Spa. Office tenants include Westside Capital Group and Hejl Foundation. The property also includes a 105-space parking garage.
DALLAS — Nonprofit media organization KERA has broken ground on a 60,000-square-foot headquarters facility at 3000 Harry Hines Blvd. in Uptown Dallas. Architecture firm Corgan designed the new facility, which will include performance spaces and podcast studios, and Kaizen Development Partners will lead construction. KERA relocated to a temporary space at One Arts Plaza in downtown Dallas last February. Construction is slated for a late-2027 completion.
PLANO, TEXAS — Airspan Networks has signed a 12,363-square-foot lease expansion in Plano. The global provider of 5G access and transport solutions is consolidating its Florida and California operations to R&D at Legacy, a 374,275-square-foot flex development, where Airspan now occupies roughly 26,000 square feet. Josh Walpole of Walpole Realty Group represented the tenant in the lease negotiations. Chase Lopez, James Mantzuranis and Sam Bass of Stream Realty Partners represented the landlord, BH Properties.
ANAHEIM, CALIF. — CBRE has brokered the sale of an office building located at 2300 E. Katella Ave. in Anaheim. The property traded for $15.1 million. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE represented the institutional seller in the transaction. Situated in Anaheim’s Platinum Triangle, the four-story property offers 69,032 square feet of office space.
NEW CENTURY, KAN. — Newmark Zimmer has brokered the sale of a corporate campus with two buildings totaling 468,255 square feet in New Century. New Century 202 LLC, an entity affiliated with Sky Real Estate, was the buyer. Tommy Gentry and Trey DeRousse of Newmark Zimmer represented the Johnson County Government in the transaction. Located within the New Century AirCenter business park, the campus was originally developed in the early 1980s as a headquarters facility. The property most recently served as a regional headquarters for CenturyLink before becoming vacant. The larger building totals 455,098 square feet, while the smaller building spans 13,157 square feet. Situated on 36 acres, the campus features a traditional corporate headquarters layout with expansive floor plates designed to support a large employee base. The property also includes extensive surface parking and infrastructure that historically supported telecommunications and data center operations. The buyer plans to evaluate a range of potential uses for the property and will conduct a comprehensive review of the campus to determine the highest and best use moving forward.
PHILADELPHIA — RSM US LLP has signed a 22,340-square-foot office lease in downtown Philadelphia. The provider of assurance, tax and consulting services is relocating from 30 South 17th Street to the entire 21st floor at 1735 Market Street, a 54-story, 1.3 million-square-foot tower. Newmark and Cushman & Wakefield co-represented the tenant in the lease negotiations. Keith Cody and Gordon Hough represented the landlord, Silverstein Properties, on an internal basis.
ALPHARETTA, GA. — Onward Investors, an alternative investment firm based in Minneapolis, has recently taken ownership of a 306,000-square-foot office property in Alpharetta, a northern suburb of Atlanta. The buildings include 800 and 900 North Point Parkway, which sit north of the Ga. Highway 400 and Old Milton Parkway interchange. Onward Investors acquired the senior loan secured by the property last October. 800 and 900 North Point Parkway were 45 percent leased at the time of sale and include a recently reimagined courtyard, tenant lounge and conference center.
ATLANTA — Sage, an accounting, HR and finance tech firm, has expanded its office footprint at 619 Ponce, a four-story, mass-timber loft office building at Ponce City Market. The newly built office building is part of the expansion of Ponce City Market, a large mixed-use redevelopment campus in Atlanta’ s Old Fourth Ward district that reimagined the historic, 2.1 million-square-foot Sears Roebuck building that reopened in 2014. Sage has expanded its lease at 619 Ponce by 32,000 square feet, bringing the firm’s total footprint to 89,000 square feet across three floors. Sage expects to occupy its new space in the fall, bringing in an additional 200 employees to join the 450 associates already working at the office building. Cushman & Wakefield represented the tenant in the lease negotiations. CBRE represented the landlord, locally based Jamestown. Delivered in 2024, 619 Ponce is now fully leased.
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