C-III Capital Partners Acquires Property At 1580 Sawgrass Corporate Pkwy For $19M With Realty Associates Fund VIII As Seller
Florida
See Similar DealsC-III Capital Partners Acquires Property At 1580 Sawgrass Corporate Pkwy For $19M With Realty Associates Fund VIII As Seller
1580 Sawgrass Corporate Pkwy, Fort...
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The property asset involved in the transaction is an office building located at 1580 Sawgrass Corporate Parkway in the Sawgrass market. The building, known as International Place II, has a total square footage of 93,724 and was sold for $19,000,000.00.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $19,000,000.00
- Square Footage: 93,724
- Seller: Realty Associates Fund VIII
- Buyer: C-III Capital Partners
- Seller's Representatives: José Lobón (CBRE), Amy Julian (CBRE), Chris Gallagher (The Boulos Company)
- Loan Amount: $13,850,000.00
- Price Per Square Foot: $203
This transaction involved a partnership between NAI Merin Hunter Codman and C-III Capital Partners, an institutional investor. The property was previously owned by Realty Associates Fund VIII, which had acquired it in 2007 for $22.2 million. CBRE representatives included Christian Lee, José Antonio Lobón, Amy Julian, Chris Gallagher, and Tyler Ploshnick, who represented the seller in this transaction.
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