Investor Moshe Popack pays $9.3M for inter-connected office buildings in Lauderhill

The 97,000 sf Executive University Courts sold for $96 psf

Miami /
May.May 26, 2017 05:30 PM

South Florida investor Moshe Popack just paid $9.3 million for six, two-story inter-connected office buildings in Lauderhill.

Cushman & Wakefield negotiated the sale of the 97,000-square-foot Executive University Courts at 4300 North University Drive for $96 per square foot to Popack’s MYP Executive, LLC.

Cushman & Wakefield’s Dominic Montazemi, Greg Miller and Scott O’Donnell represented the seller, Kas University LLC, a Coral Gables-based company, according to a release.

The entity bought the offices for $5.3 million in 2013, property records show. The office buildings were built in 1987.

Executive University Courts sits on a 5.9-acre site in central Broward County, and is 84.1 percent leased. Tenants include Strax Rejuvination, Optimum Education Group and Authorized Recovery, according to the release.

Also in Lauderhill, an 88-unit apartment complex sold for $7.5 million in August, or $85,227 per unit.

Earlier this month, an office building in Fort Lauderdale sold for $19.5 million, to development and real estate investment firm Greystar, which plans to build a high-rise rental tower.

In 2015, Popack sold a Tamarac rental community for $16.3 million and also, with Joseph Popack, purchased a nearly 600-unit apartment complex in North Miami for $25.5 million. — Amanda Rabines 


Related Articles

arrow_forward_ios
Robert Finvarb and Abraham “Abie” Hidary with the site at 2534 North Miami Avenue (Koniver Stern Group)
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
From top to bottom: Bascom Co-Founders and Principals Derek Chen, David Kim and Jerry Fink with the apartment complex (Bascom)
Bascom, Leste buy Lauderhill apartments for $79M
Bascom, Leste buy Lauderhill apartments for $79M
The current Miami Beach North Shore library with Mayor Dan Gelber (Google Maps, Gelber)
Miami Beach seeks buyers for city-owned development sites
Miami Beach seeks buyers for city-owned development sites
Developer David Edelstein and Robert Levine of RAL Development with the project (Getty, RAL)
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
arrow_forward_ios

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

Loading...