C-III Capital Partners Acquires Property At 1580 Sawgrass Corporate Pkwy For $19M With Realty Associates Fund VIII As Seller

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.