The Real Deal Miami

Weston office building sells for 40% more than in ’06

Change Healthcare leased the 52,960-square-foot building after American Express moved out
January 28, 2017 03:00PM

1725 North Commerce Parkway in Weston

An office building in Weston sold for $14.1 million, or about 40 percent more than its last sale price in 2006.

The 52,960-square-foot office building at 1725 North Commerce Parkway serves as a regional headquarters of Change Healthcare. The sale price equates $266 per square foot. MG3 West Office is the new owner, and the seller was Realty Associates Fund VIII.

David Duckworth, an agent of commercial real estate brokerage Avison Young, had the listing for the office building, which he marketed without an asking price.

Duckworth also had the listing when the office building was sold for $10 million in 2006, when American Express occupied the property. Change Healthcare moved into the building after the expiration of the American Express lease in 2015.

In a prepared statement, Duckworth said the Weston office building “will continue to appreciate due to its ideal location, amenities and functional efficiency.” [Sun-Sentinel] Mike Seemuth