Investors fetch $12.5M for Pembroke Pines office buildings

Miami /
Feb.February 24, 2016 10:32 AM

After four years of holding onto a pair of Pembroke Pines office buildings, Anuj Grover and Mark Corlew have sold their properties for $12.5 million.

The buildings are located at 2000-2010 Northwest 150th Avenue near I-75 in western Pembroke Pines.

They measure 82,029 square feet together and occupy about five acres of land, most of which is used for surface parking lots, Broward County property records show.

Corlew and Grover, through a Florida limited liability company called G&C Herald Investments, first purchased the buildings for $9 million in 2012, according to property records. That deal broke down to just under $110 per square foot.

As first reported by the South Florida Business Journal, the investors have now traded the offices to a company named Chelsea Investments 350 for $152 per foot — a 38 percent gain in value.

The buying company is managed by Martha Casanueva of Miramar, records show. Albert Garcia of Keller Williams Coral Gables represented the buyer for this deal.

Corlew and Grover are also principals of a Delray Beach real estate company fittingly named Grover Corlew. Its portfolio consists mainly of commercial properties.


Related Articles

arrow_forward_ios
Stateland Brown owner-brokers Ayal Frist and Dan Statlander with one of the properties, City National Bank Plaza at 7000 West Palmetto Park (Google Maps)
TJAC Development sells mixed-use portfolio near Boca Raton for $155M
TJAC Development sells mixed-use portfolio near Boca Raton for $155M
CBRE CEO Bob Sulentic and Gordon Messinger (CBRE/Illustration by Kevin Rebong for The Real Deal)
Gordon Messinger joins CBRE from Cushman & Wakefield
Gordon Messinger joins CBRE from Cushman & Wakefield
450 Royal Palm Way and the buyer H. William Perry. (Google Maps, Gunster)
Banker’s Row office building in Palm Beach sells for $17M
Banker’s Row office building in Palm Beach sells for $17M
From left: David Martin, Aby Rosen, Jorge Perez, Barry Sternlicht, Victor Ballestas and Russell Galbut (Getty)
Developers bet on long-term demand for Class A Miami Beach office space
Developers bet on long-term demand for Class A Miami Beach office space
Founders Fund partners Peter Thiel and Keith Rabois (Getty/Illustration by Kevin Rebong for The Real Deal)
Silicon Valley’s Founders Fund inks Miami lease
Silicon Valley’s Founders Fund inks Miami lease
Blink’s Michael Farkas and Lionstone’s Diego Lowenstein with 605 Lincoln Road (Google Maps)
Blink buys office condo on Miami Beach’s Lincoln Road for new HQ
Blink buys office condo on Miami Beach’s Lincoln Road for new HQ
5040 Northwest Seventh Street (Google Maps, iStock)
Northeast Capital pays $15M for Miami office building
Northeast Capital pays $15M for Miami office building
Jon Paul Pérez and Jorge Pérez with renderings of One Island Park (Related)
Related wins Miami Beach board approval for office project on Terminal Island
Related wins Miami Beach board approval for office project on Terminal Island
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...