Argentine investor pays $10M for Pembroke Pines retail/office complex

Silver Lakes Professional Campus sold for $278 psf

Miami /
Dec.December 12, 2019 11:39 AM
From left: Bastian Laggerbauer and Harry Blyden, with 17720 Pines Boulevard

From left: Bastian Laggerbauer and Harry Blyden, with 17720 Pines Boulevard

An Argentine investor paid $10 million for an office and retail complex in Pembroke Pines.

Escape 19 C LLC, managed by Claudio Maggi, bought the Silver Lakes Professional Campus at 17720 Pines Boulevard. The property totals 35,960 square feet, equating to a sales price of $278 per square foot.

CPAC Silverlakes LLC, managed by Palms Property Management LLC of Plantation, sold the property.

The two-building complex was built in 1998 and last traded for $7.1 million in 2014. Tenants include Dunkin’, Los Tacos, Berkshire Hathaway HomeServices, Silver Lakes Dental Associates, Mayflower Beauty Salon, Foot & Ankle Sport Center, and Transform Pilates.

Colliers International South Florida’s Harry Blyden and Bastian Laggerbauer represented the seller in the deal.

Once a sleepy suburb, Pembroke Pines is seeing more interest from investors and developers. In September, NexPoint Residential, a real estate investment trust, paid $322 million for a 1,520-unit multifamily property in Pembroke Pines, marking the largest multifamily deal in South Florida this year. And in October, Miami-based Lloyd Jones bought a 206-unit apartment complex at 7850 Pasadena Boulevard in Pembroke Pines for $55.6 million.


Related Articles

arrow_forward_ios
Harbor Group president Richard Litton and AIR Communities CEO Terry Considine in front of the apartment complex (Harbor, AIR, City Center on 7th)
Aimco spinoff buys Harbor Group’s Pembroke Pines apartments for $223M, marking largest South Florida multifamily sale this year
Aimco spinoff buys Harbor Group’s Pembroke Pines apartments for $223M, marking largest South Florida multifamily sale this year
Renderings of the Pembroke Tower project (Forum Architecture)
Developer wins approval for senior affordable housing project in Pembroke Pines
Developer wins approval for senior affordable housing project in Pembroke Pines
Jorge and Jon Paul Perez with a rendering of the project (Getty, Related Group)
Related wins approval for another Wynwood mixed-use multifamily project
Related wins approval for another Wynwood mixed-use multifamily project
Cobblestone Commons at 8767 Boynton Beach Boulevard (Google Maps)
Tricor Financial sells Winn-Dixie-anchored Cobblestone Commons near Boynton Beach for $38M
Tricor Financial sells Winn-Dixie-anchored Cobblestone Commons near Boynton Beach for $38M
The Shoppes of Oakland Forest (Rich Commercial Group)
Shopping center in Oakland Park sells for $11M
Shopping center in Oakland Park sells for $11M
Donald R. Horton and a map of the development site (D.R. Horton)
D.R. Horton advances 211-unit townhouse project in Pembroke Pines
D.R. Horton advances 211-unit townhouse project in Pembroke Pines
BridgeInvest's Alex Horn and Rieber Developments' Bernardo Rieber with a rendering of the project 
Rieber lands $15M loan for Aventura mixed-use project
Rieber lands $15M loan for Aventura mixed-use project
Arnaldo Bomnin and 8525 South Dixie Highway (Google Maps)
Bomnin Automotive pays $7M for former Pinecrest Mitsubishi dealership
Bomnin Automotive pays $7M for former Pinecrest Mitsubishi dealership
arrow_forward_ios

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

Loading...