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

Change Healthcare leased the 52,960-square-foot building after American Express moved out

TRD MIAMI /
Jan.January 28, 2017 03:00 PM

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


Related Articles

arrow_forward_ios
Maria Penaloza

So Flo Real Estate Group sued over spam text messages

2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

Placeholder image

Blackstone sells Weston hotel for $12M

Daily Digest Miami

Sterling Bay tops off 545wyn in Wynwood, Reich Brothers buys $70 million former Sears distribution center in Ocala

Andrea Masses and Nirka Burns

Movers & Shakers: agents join Fortune, Brown Harris Stevens, One Sotheby’s & more

South Florida firm, partner acquire Tampa office building for $29.4M

South Florida firm, partner acquire Tampa office building for $29.4M

Owner of co-working firm pays $54.4M for Coral Gables office landmark

Owner of co-working firm pays $54.4M for Coral Gables office landmark

South Florida buyer pays $14.9M for 12-story office building in Bradenton

South Florida buyer pays $14.9M for 12-story office building in Bradenton

arrow_forward_ios
Loading...