ATCG LLC Acquires Property In Miramar For $22.8M With Seller's Representatives Dominic Montazemi And Greg Miller

A 91,872-square-foot operations and call center property located at 15800 SW 25th St, Hollywood, FL, has traded for $22.8 million in the Miramar market. The property is situated on an 11-acre parcel within Miramar Center Business Park, just north of Interstate 75 and the Miramar Parkway interchange. Currently, it is fully occupied by Comcast, which employs over 800 staff members at this location. The property features a raised call center floor, renovated bathrooms, a fitness center, an on-site cafeteria, hurricane resistant construction, a full battery UPS backup generator, and 650 surface parking spaces.

Summary of transaction details:

• Property Type: Operations and Call Center
• Transaction Amount: $22,800,000.00
• Square Footage: 91,872
• Address: 15800 SW 25th St, Hollywood, FL, 330...
• Market: Miramar
• Seller: Green Meadows Miramar LLC
• Buyer: ATCG LLC
• Seller's Rep: Dominic Montazemi (Cushman & Wakefield), Gregory (Greg) Miller (Cushman & Wakefield)
• Loan Amount: $13.8 million

The structural improvements and development include a $3 million capital improvement program completed earlier this year, with expectations for further enhancements. The building was developed in 2000 and is anticipated to have multiple high-tech training rooms and demonstration laboratories upon the conclusion of its upgrades. Cushman & Wakefield's Capital Markets team co-marketed the property alongside CBRE Senior Vice President Tom O'Loughlin.