Zaragon buys Plantation office building from TA Realty

Pointe 1801 is fully leased, with Envision Healthcare its largest tenant

Miami /
Aug.August 21, 2018 03:30 PM

Pointe 1801 at 1801 Northwest 66th Avenue (Credit: Avison Young)

Zaragon just picked up an office building in Plantation for $16.55 million.

Known as Pointe 1801, the 99,255-square-foot building at 1801 Northwest 66th Avenue sold for about $167 per square foot. Property records show the seller, TA Realty, bought the building in 2007 for $11.8 million.

The office building is fully leased, according to a press release. In October, a subsidiary of Envision Healthcare Corp. inked an 89,140-square-foot office lease at the property, which was valued at more than $20 million.

The office building hit the market as part of a three-building portfolio earlier this year, and is the last of the three that TA Realty has sold, bringing its total sell-out to nearly $50 million.

Brokers David Duckworth, John Crotty and Michael Fay of Avison Young had the listing for the portfolio, including Southpointe at 7901 Southwest 6th Court, which sold to the Green Companies in July for $18.5 million; and a 78,000-square-foot office building at 8211 West Broward Boulevard, which was purchased by the Balogh Jewelers family for $14.25 million. 

Built in 1983, Pointe 1801 last year underwent a series of renovations to the lobby, common areas, elevator and parking lot.

Zaragon is based in Chicago and is led by developer Rick Perlman, who formerly worked at Sam Zell’s Equity Financial and Management Company. Zaragon is known for developing and investing in student housing projects throughout the U.S.

According to its website, Perlman’s company manages a portfolio of properties consisting of about 3,500 apartments, 1,100 manufactured housing units, 1.2 million square feet of office and industrial space and several thousand acres of vacant land.


Related Articles

arrow_forward_ios
1905 Clint Moore Road in Boca Raton with Healthcare Trust of America interim President and CEO Peter Foss (Google Maps, Healthcare Trust of America)
Healthcare Trust of America buys Boca Raton medical offices for $50M
Healthcare Trust of America buys Boca Raton medical offices for $50M
Vlad Doronin, Jonathan Goldstein and CEO Satya Nadella (Getty)
Microsoft to lease 50K sf office at under-construction Brickell tower
Microsoft to lease 50K sf office at under-construction Brickell tower
Abacus Capital Partners pays $125M for Plantation apartments
Abacus Capital Partners pays $125M for Plantation apartments
Abacus Capital Partners pays $125M for Plantation apartments
2229 North Commerce Parkway in Weston and Montecito CEO Chip Conk (Google Maps, Montecito)
Weston medical office building trades for $17M
Weston medical office building trades for $17M
Office building by Lincoln Road in Miami Beach trades for nearly $50M
Office building by Lincoln Road in Miami Beach trades for nearly $50M
Office building by Lincoln Road in Miami Beach trades for nearly $50M
Dennis Friedrich, founding principal of TFK Real Estate Investment, and Grant Horwitz, managing principal of Fox Ridge Capital, with the property (TFK, Fox Ridge, Cushman and Wakefield)
JV buys Hollywood office campus for $50M
JV buys Hollywood office campus for $50M
9801 and 9901 Belvedere Road in Royal Palm Beach (Google Maps)
Acquest Development buys Royal Palm Beach offices for $23M
Acquest Development buys Royal Palm Beach offices for $23M
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
arrow_forward_ios

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

Loading...