CBRE Secures $30.2M Loan For Cornerstone One Office Building In Plantation Florida

Cornerstone One is a 170,000-square-foot office building located at 1200 South Pine Island Road in Plantation, FL. The property is currently associated with a loan amount of $30,200,000, facilitating enhancements to the building's facilities.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $30,200,000
• Landlord: Robert Turner, Charles Davidson III & Fred Henritze - The Brookdale Group
• Brokers: Amy Julian & Andrew Chilgren - CBRE
• Date: 01/07/2025
• Asset Size: 170,000 SF
• Market: Plantation

The Brookdale Group, comprised of Robert Turner, Charles Davidson III, and Fred Henritze, acquired the property in 2023. Following nearly 90,000 square feet of leasing executed in two years, significant upgrades are planned including a lobby overhaul and new speculative suites.