South Florida’s largest office sales in October

The biggest sale was Atrium at Broken Sound for $22.4M

Nov.November 21, 2018 11:30 AM

Atrium at Broken Sound, 300 Sevilla Avenue and South Miami Medical Arts Building

Atrium at Broken Sound – Alchemy-ABR Investment Partners | $22.4M

South Florida’s largest office deal in October was the $22.4 million purchase by a partnership between Alchemy-ABR Investment Partners and Breakers Capital Partners of an office building within Boca Raton’s 700-acre Park of Broken Sound.

ICM Realty Group sold the 92,260-square-foot office building for about $243 per square foot. The property previously traded for $17.05 million in 2016.

Atrium at Broken Sound, built in 1986, was the former headquarters of Rexall Sundown.

300 Sevilla Avenue – Robert Brockway | $10.9M

The second largest office sale of the month was Bob Brockway’s $10.9 million purchase of a building directly across the street from his Mercedes-Benz of Coral Gables dealership.

A company led by architect F. Michael Steffens and Marjorie Goldman sold the 36,600-square-foot, three-story office building at 300 Sevilla Avenue. The deal breaks down to about $300 per square foot.

South Miami Medical Arts Building – Estate Investments Group | $5.8M

Estate Investments Group purchased the South Miami Medical Arts building in South Miami for $5.8 million.

The 21,455-square-foot property at 6201 Southwest 70th Street traded hands for about $270 per square foot. The seller, 6201 of Miami LLC, is tied to the construction engineering company Munilla Construction Management.

The four-story building was completed in 1972, records show.

5297 West Copans Road – Centers Health Care | $5.5M

Centers Health Care bought a nearly 33,000-square-foot, single-story office building with lake views in Margate for $5.5 million.

The seller, Northwest Broward Development LLC, is led by attorney Leigh Katzman. The property at 5297 Copans Road previously sold for $3.2 million in 2010.

Sunrise Medical Park – Marc Gordon | $5M

Sunrise Medical Park, a medical office complex consisting of five, one-story buildings, sold for $5 million to Flamingo Medical Office LLC, led by Marc Gordon.

The seller is a company tied to Levy Realty Advisors. The property at 8391-8399 West Oakland Park Boulevard last sold for $3.2 million in 2011. Tenants include Holy Cross and Tenet Hospital Groups.

Related Articles

249 West Alexander Palm Road and Kimberly Vassalluzzo

Fund manager’s wife buys Boca Raton mansion for $13M

Steven E. McCraney, President & CEO McCraney Property Company with the land

McCraney, partner pick up land in tight Boca Raton industrial market

5900 W. Glades Road and Simon Property Group CEO David Simon (Credit: Google Maps)

Simon Property sues Seritage over Boca Raton Sears

461 South Maya Palm Drive

Multifamily investor snags pad in Boca Raton for $6M

190 Northeast 5th Avenue (Credit: Wikipedia)

Thoroughbred stable owner buys Boca Raton home for $12M

Angelo Bianco and a rendering of Midtown Boca (Credit: Patrick McMullan | Getty Images)

Crocker Partners withdraws plans and two lawsuits tied to Midtown Boca

Bob Sheetz and 133 West Coconut Palm Road

Ah Sheetz! Founder of popular convenience store sells Boca Raton estate

The Meridian at Boca Raton at 21865 Ponderosa Drive, and Kenneth Assiran

Meridian Senior Living buys community near Boca Raton for $61M