Vision Properties Acquires Plantation Office Building For $57.5M

The office property located at 333 North University Drive in Plantation has been sold in a recent transaction. The property spans across 27 acres and is in the market for sale. The sale was facilitated by Christian Lee, José Lobón, and Marcos Minaya from CBRE, along with Jay Adams from Newmark, who represented the buyer and the seller, respectively. The property was acquired by Vision Properties from Encore Capital Management.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $57,500,000
• Address: 333 North University Drive, Plantation
• Market: Plantation
• Acres: 27

The sale price for the property was $57,500,000, with a total square footage of 173,193. This translates to a price per square foot of $332. The involvement of Vision Properties as the buyer and Encore Capital Management as the seller showcases the significance of this transaction in the market. Christian Lee, José Lobón, Marcos Minaya from CBRE, and Jay Adams from Newmark played crucial roles in facilitating this deal.