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
Brookfield Properties' Jared Chupaila and Pembroke Lakes Mall in Pembroke Pines (Brookfield Properties, LoopNet, iStock)
Saddled with $260M debt, Pembroke Lakes Mall could be in trouble: Morningstar
Saddled with $260M debt, Pembroke Lakes Mall could be in trouble: Morningstar
R & B Realty’s Shelby Rosenberg and The Gateway at Wynwood (R & B Realty Group, iStock)
Lease roundup: The Gateway at Wynwood scores three new tenants
Lease roundup: The Gateway at Wynwood scores three new tenants
TPA's J Bradford Smith with conceptual site plan for Edison Pembroke (TPA,Nelson)
Developer switches office park plan in Pembroke Pines to mixed-use apartment project
Developer switches office park plan in Pembroke Pines to mixed-use apartment project
(left to right) Nuveen's Mike Nuveen with 800 Waterford Way and Pebb Enterprises' Ian Weiner with 5355 Town Center Road (CoStar, Nuveen, TVS Design, Pebb)
Lease roundup: Nuveen nabs fintech tenant in Miami, Brookfield scores 20 leases at Boca’s Mizner Park
Lease roundup: Nuveen nabs fintech tenant in Miami, Brookfield scores 20 leases at Boca’s Mizner Park
Shoppes at City Centre at 11201-11261 U.S. Highway 1 in North Palm Beach (Marcus & Millichap)
Ferreira family buys grocery-anchored North Palm Beach shopping center for $36M
Ferreira family buys grocery-anchored North Palm Beach shopping center for $36M
Michael Shvo along with an aerial view of his newly-acquired retail properties between 16th and 17th Streets along Alton Road in Miami Beach (Google Maps, SSHaving, CC BY-SA 4.0 - via Wikimedia Commons)
Michael Shvo buys ex-Epicure South Beach site with plans for retail-office redevelopment
Michael Shvo buys ex-Epicure South Beach site with plans for retail-office redevelopment
Renderings and plans for the redevelopment of the Galleria Mall in Fort Lauderdale (Dwell Design Studio and Adache Group Architects)
Galleria Fort Lauderdale owner revives, revamps redevelopment proposal
Galleria Fort Lauderdale owner revives, revamps redevelopment proposal
From left: Ivy Realty's Anthony P. DiTommaso Jr. and Russell Warren Jr. (Ivy Realty in front of the Tower 101 office building at 101 Northeast Third Avenue in Fort Lauderdale (Ivy Realty)
Lease roundup: Ivy Realty scores tenants at Tower 101 in Fort Lauderdale
Lease roundup: Ivy Realty scores tenants at Tower 101 in Fort Lauderdale
arrow_forward_ios

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

Loading...