{"id":2029,"date":"2020-04-09T11:15:59","date_gmt":"2020-04-09T15:15:59","guid":{"rendered":"https:\/\/www.meyer.media\/?p=2029"},"modified":"2020-04-09T10:45:09","modified_gmt":"2020-04-09T14:45:09","slug":"%e2%80%8ccushman-wakefield-arranges-sale-of-dolphin-corporate-park","status":"publish","type":"post","link":"https:\/\/www.meyer.media\/2020\/04\/09\/%e2%80%8ccushman-wakefield-arranges-sale-of-dolphin-corporate-park\/","title":{"rendered":"\u200cCushman & Wakefield Arranges Sale of Dolphin Corporate Park"},"content":{"rendered":"
\"Dolphin<\/a>
Dolphin Corporate Park<\/figcaption><\/figure>\n

Innovatus Capital Partners Acquired the Two-Building Office Campus in Doral from Affiliates of Proccaci Development Corporation<\/em><\/strong><\/p>\n

MIAMI, FL, April 9, 2020<\/strong> \u2014 Cushman & Wakefield<\/a> has negotiated the sale of Dolphin Corporate Park, a \u00b1164,509-square-foot office campus in Doral.<\/p>\n

The Cushman & Wakefield Capital Markets team of Dominic Montazemi<\/a>, Mike Davis<\/a>, Miguel Alcivar<\/a>, Scott O’Donnell<\/a>, Michael Ciadella<\/a>, Greg Miller<\/a>, Rick Brugge<\/a> and Rick Colon<\/a> represented affiliates of Boca Raton-based Procacci Development Corporation<\/a> in the disposition. New York-based Innovatus Capital Partners<\/a> acquired the asset for an undisclosed price.<\/p>\n

Dolphin Corporate Park is a two-building, Class A office portfolio ideally located in the gateway market of Miami. The buildings were developed in 2008 on a \u00b19.24-acre site at 11410<\/a> and 11430 NW 20th St.<\/a><\/p>\n

Dolphin Corporate Park houses the only Class A multi-tenant office buildings in Miami-Dade County built to withstand a Category 5 hurricane and winds up to 185 MPH. The campus offers a surface parking ratio of 4.66 spaces per 1,000 rentable square feet and two redundant 1000 kW generators in an N+1 configuration, which deliver a 20-day, 100% \u2018business as usual\u2019 environment for all systems before requiring refueling. Each building is equipped with 20,000 gallons of diesel fuel on-site.<\/p>\n

Dolphin Corporate Park\u2019s strategic proximity to both Florida\u2019s Turnpike and the Dolphin Expressway provides a tremendous transportation advantage with access to 66% of South Florida\u2019s population within a one-hour drive of the property. The campus\u2019 position next to the 1.4-million-square-foot Dolphin Mall presents tenants with numerous dining and retail options in addition to a multitude of nearby options in Doral and the surrounding area.<\/p>\n

Dolphin Corporate Park was 94.2% leased at the time of sale. Notable tenants include Humana (CarePlus); the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF); ADT Security Services; the Food and Drug Administration (FDA); US Bank; Banco Santander; and Brickell Bank.<\/p>\n

\u201cDolphin Corporate Park represented an exciting core-plus investment opportunity featuring an unparalleled combination of credit tenancy, best-in-class hurricane protection, fantastic transportation dynamics, a generous parking ratio and numerous nearby amenities set against the backdrop of Doral, one of Florida\u2019s fastest growing cities,\u201d said Montazemi.<\/p>\n

Added Davis, \u201cDolphin Corporate Park stands alone in Miami in offering state-of-the-art, disaster-proof construction, a unique value proposition highly valued by the property\u2019s entrenched, creditworthy tenancy.\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 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 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

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

The Cushman & Wakefield Capital Markets team of Dominic Montazemi, Mike Davis, Miguel Alcivar, Scott O\u2019Donnell, Michael Ciadella, Greg Miller, Rick Brugge and Rick Colon negotiated the sale of Dolphin Corporate Park, a \u00b1164,509-square-foot office campus in Doral.<\/p>\n","protected":false},"author":1,"featured_media":2004,"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":"\u200cCushman & Wakefield Arranges Sale of Dolphin Corporate Park","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":[2782,2783,98,49,4,700,2779,87,625,2778,29,144,2780,10,642,2489,86,100,26,2781,102,2192,35,88,368],"class_list":["post-2029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr","tag-11410-nw-20th-street","tag-11430-nw-20th-street","tag-capital-markets","tag-commercial-real-estate","tag-cushman-wakefield","tag-disposition","tag-dolphin-corporate-park","tag-dominic-montazemi","tag-doral","tag-esdf","tag-florida","tag-greg-miller","tag-innovatus-capital-partners","tag-miami","tag-miami-dade-county","tag-michael-ciadella","tag-miguel-alcivar","tag-mike-davis","tag-office","tag-procacci-development-corporation","tag-rick-brugge","tag-rick-colon","tag-sale","tag-scott-odonnell","tag-south-florida"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.meyer.media\/wp-content\/uploads\/2020\/03\/dolphin-corporate-park-photo-scaled.jpg?fit=2560%2C1917&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p79IL5-wJ","_links":{"self":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/2029","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=2029"}],"version-history":[{"count":1,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/2029\/revisions"}],"predecessor-version":[{"id":2030,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/2029\/revisions\/2030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media\/2004"}],"wp:attachment":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media?parent=2029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/categories?post=2029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/tags?post=2029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}