Intalex Capital Purchases Fort Lauderdale Property For $15 Million With Dominic Montazemi As Buyer's Rep

The Executive Court at Jacaranda office park, located at 7800 Peters Rd in Fort Lauderdale, FL, comprises eight office buildings totaling 81,034 square feet. The property was sold for $15 million in the Plantation market, showcasing a notable transaction in the commercial real estate sector.

Summary of transaction details:

• Property Type: Office Buildings
• Transaction Amount: $15,000,000.00
• Buyer: Intalex Capital
• Buyer's Representative: Dominic Montazemi - Cushman & Wakefield
• Seller: Executive Properties
• Seller's Representative: James W. Inklebarger of Brinwo Development Corp.
• Loan Amount: $11,200,000.00
• Loan Providers: Pacific National Bank and International Finance Bank

In this transaction, the buyer, Intalex Capital, was supported by representatives from Cushman & Wakefield, including Scott O’Donnell and Dominic Montazemi. Additionally, Jason Hochman and Ron Granite, also from Cushman & Wakefield, facilitated the financing of the deal, aiding in the procurement of an $11.2 million loan from the specified banks.