Mesirow Financial Acquires Multifamily Property In Coconut Creek For $132M

A multifamily property located at 5201-5381 West Hillsboro Boulevard in Coconut Creek has been sold for a total price of $132,000,000. The property spans across 23 acres and consists of 396 units, resulting in a price per unit of $333,333. The transaction took place on October 14, 2022, with Mesirow Financial represented by Natalie Brown as the buyer, and PGIMReal Estate represented by Eric Adler as the seller. The sale was financed by The Guardian Life Insurance Company of America.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $132,000,000
• Address: 5201-5381 West Hillsboro Boulevard, Coconut Creek
• Market: Coconut Creek
• Acres: 23

Natalie Brown of Mesirow Financial and Eric Adler of PGIMReal Estate played crucial roles in the transaction as the buyer's and seller's representatives, respectively.