Island Capital Group - Andrew Farkas Acquires Office Buildings In Plantation From Starwood Capital - Barry Sternlich For $78.4M

Four office properties located at 8151 Peters Road, 8201 Peters Road, 8221 Peters Road, and 8050 Southwest 10th Street in Plantation have been sold in a recent transaction. The buyer, Island Capital Group, represented by Andrew Farkas, acquired the properties from Starwood Capital, represented by Barry Sternlich. The sale took place on December 18, 2020, for a total price of $78,420,000. The combined square footage of the properties is 304,323, resulting in a price per square foot of $258.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $78,420,000
• Address: 8151 Peters Road, 8201 Peters Road, 8221 Peters Road, & 8050 Southwest 10th Street
• Market: Plantation
• Buyer: Island Capital Group - Andrew Farkas
• Seller: Starwood Capital - Barry Sternlich
• Square Footage: 304,323
• Price per Square Foot: $258

Andrew Farkas, representing Island Capital Group, and Barry Sternlich, representing Starwood Capital, were the key individuals involved in the transaction. Island Capital Group, led by Andrew Farkas, acquired the office properties in Plantation from Starwood Capital, represented by Barry Sternlich.