MHCommercial Real Estate Fund Acquires Office Building In Lakewood Ranch For $20.3M

The sale of an office asset located at 9000 Town Center Parkway in Lakewood Ranch has been completed. The property, spanning 101,312 square feet, was sold on July 1, 2021, for a total price of $20,250,000, resulting in a price per square foot of $200. The transaction involved the buyer, MHCommercial Real Estate Fund, and the seller, Dilweg Cos.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20,250,000
• Address: 9000 Town Center Parkway, Lakewood Ranch
• Market: Lakewood Ranch

The deal was facilitated by a team of brokers representing both parties. Rick Brugge, Mike Davis, Rick Colon, Dominic Montazemi, Zach Eicholtz, and Brooke Tulley from Cushman & Wakefield were involved in the transaction.