Intalex Capital bought a Plantation office complex, Executive Court at Jacaranda, for $15 million.
Fort Lauderdale-based Intalex Capital, through an affiliate, bought the offices at 7800-8040 Peters Road from Executive Properties, according to a deed. Intalex took out an $11.2 million loan from Pacific National Bank to finance the purchase.
Property records show the office park was built in 1989 and includes three two-story buildings and five one-story buildings that sit on 7 acres. The buildings total 81,126 square feet.
Executive Properties paid $8 million for the property in 1999, a deed shows. The seller is tied to FEIN Real Estate and FEIN Commercial Properties, with Marvin Feinstein listed as a member.
Intalex Capital, led by Bryson Ridgway, is a private real estate investor focusing on commercial properties in the Southeast, according to its LinkedIn page. Ridgway previously worked in acquisitions for Fort Lauderdale-based Stiles Corp., closing more than $2.5 billion in deals.
Plantation has had a handful of office deals in recent months. Most notably, Starwood Capital sold several buildings in the Crossroads Business Park for $78 million. Starwood, led by Barry Sternlicht, sold the properties at 8201 Peters Road, 8221 Peters Road, 8151 Peters Road and 8050 Southwest 10th Street to affiliates of New York real estate merchant bank Island Capital Group.
South Florida personal injury attorney Sagi Shaked in January bought a medical office property at 201 North Pine Island Road in Plantation for $7.5 million.