{"id":1877,"date":"2019-11-25T14:15:14","date_gmt":"2019-11-25T19:15:14","guid":{"rendered":"https:\/\/www.meyer.media\/?p=1877"},"modified":"2019-11-25T09:30:53","modified_gmt":"2019-11-25T14:30:53","slug":"%e2%80%8ccushman-wakefield-negotiates-32-65m-sale-and-21-25m-financing-of-sawgrass-village","status":"publish","type":"post","link":"https:\/\/www.meyer.media\/2019\/11\/25\/%e2%80%8ccushman-wakefield-negotiates-32-65m-sale-and-21-25m-financing-of-sawgrass-village\/","title":{"rendered":"\u200cCushman & Wakefield Negotiates $32.65M Sale and $21.25M Financing of Sawgrass Village"},"content":{"rendered":"
\"Sawgrass<\/a>
Sawgrass Village<\/figcaption><\/figure>\n

MG3 Realty, L.L.C. Acquired the Two-Building Office Campus in Sawgrass International Corporate Park from a Global Investment Advisor<\/em><\/strong><\/p>\n

SUNRISE, FL, November 25, 2019<\/strong> \u2014 Cushman & Wakefield<\/a> has negotiated the sale and financing of Sawgrass Village, a 112,456-square-foot office campus in Broward County\u2019s Sawgrass International Corporate Park.<\/p>\n

The Cushman & Wakefield Capital Markets team of Dominic Montazemi<\/a>, Mike Davis<\/a>, Greg Miller<\/a>, Scott O’Donnell<\/a>, Miguel Alcivar<\/a>, Rick Brugge<\/a>, Rick Colon<\/a> and Michael Ciadella<\/a> represented a global investment advisor in the disposition. MG3 Realty, L.L.C.<\/a> acquired the asset for $32.65 million ($290 per square foot).<\/p>\n

Jason Hochman<\/a> of Cushman and Wakefield\u2019s Equity, Debt and Structured Finance Group, assisted MG3 Realty, L.L.C. in securing a $21.25 million acquisition loan from Citigroup<\/a>.<\/p>\n

Sawgrass Village comprises two single-story office buildings developed in 2000 on an \u00b111.33-acre site at 789<\/a> and 799 International Parkway<\/a> in Sawgrass International Corporate Park, a 612-acre master planned office park with more than 3 million square feet of office and industrial space. The park is strategically bound by the Sawgrass Expressway, Interstate 75 and Interstate 595, offering excellent highway visibility and easy access to Fort Lauderdale-Hollywood and Miami International Airports.<\/p>\n

The buildings were 100% occupied at the time of sale by Comcast<\/a> and Bolton Medical<\/a>, two publicly traded tenants with over $100 billion in combined annual revenue.<\/p>\n

\u201cSawgrass Village was a compelling opportunity to acquire an extremely well-located, high-quality asset while enjoying secure cash-on-cash returns from entrenched, investment grade credit tenancy,\u201d said Montazemi. \u201cWith a combined tenure of nearly 30 years at the property and recent long-term extensions, this location has proven to serve as an integral part of each tenants\u2019 operations in South Florida.\u201d<\/p>\n

\u201cSawgrass International Corporate Park is one of South Florida\u2019s largest office parks and the premier option for regional, national and international organizations seeking high-quality office space in Broward County,\u201d added Davis. \u201cTenants in the park enjoy an exceptional amenity base that continues to grow as West Broward experiences increased residential densification.\u201d<\/p>\n

About Cushman & Wakefield<\/strong><\/p>\n

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit\u00a0www.cushmanwakefield.com<\/a> or follow @CushWake<\/a> on Twitter.<\/p>\n

Media Assets<\/strong><\/p>\n

Sawgrass Village Photo<\/a>
\nDominic Montazemi Headshot<\/a>
\nMike Davis Headshot<\/a>
\nJason Hochman Headshot<\/a>
\nGreg Miller Headshot<\/a>
\nScott O\u2019Donnell Headshot<\/a>
\nMiguel Alcivar Headshot<\/a>
\nRick Brugge Headshot<\/a>
\nRick Colon Headshot<\/a>
\nMichael Ciadella Headshot<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Cushman & Wakefield team of Dominic Montazemi, Mike Davis, Jason Hochman, Greg Miller, Scott O\u2019Donnell, Miguel Alcivar, Rick Brugge, Rick Colon and Michael Ciadella has negotiated the $32.65 million sale and $21.25 million financing of Sawgrass Village, a 112,456-square-foot office campus in Broward County\u2019s Sawgrass International Corporate Park.<\/p>\n","protected":false},"author":1,"featured_media":1861,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[2639,2640,2642,192,2638,152,49,4,700,87,1427,146,29,144,120,166,2637,2489,86,100,102,2192,35,2641,2636,88,368,328],"class_list":["post-1877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr","tag-789-international-parkway","tag-799-international-parkway","tag-bolton-medical","tag-broward-county","tag-citigroiup","tag-comcast","tag-commercial-real-estate","tag-cushman-wakefield","tag-disposition","tag-dominic-montazemi","tag-edsf","tag-financing","tag-florida","tag-greg-miller","tag-jason-hochman","tag-loan","tag-mg3-realty-l-l-c","tag-michael-ciadella","tag-miguel-alcivar","tag-mike-davis","tag-rick-brugge","tag-rick-colon","tag-sale","tag-sawgrass-international-corporate-park","tag-sawgrass-village","tag-scott-odonnell","tag-south-florida","tag-sunrise"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.meyer.media\/wp-content\/uploads\/2019\/11\/sawgrass-village-scaled.jpeg?fit=2560%2C1458&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p79IL5-uh","_links":{"self":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/comments?post=1877"}],"version-history":[{"count":2,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1877\/revisions"}],"predecessor-version":[{"id":1879,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1877\/revisions\/1879"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media\/1861"}],"wp:attachment":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media?parent=1877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/categories?post=1877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/tags?post=1877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}