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| Sabadell Financial Center, 150 South Pine Island Road, Plantation, FL |
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| Hermen Rodriguez |
MIAMI, FL –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $19.25 million sale of
and arranged $12.5 million in financing for Sabadell Financial Center, a five-story, 102,007-square-foot, Class
A office building in the Broward County community of Plantation, Florida.
HFF marketed the property
on behalf of the seller, Clarion Partners, LLC, and procured the buyer, The
Green Companies.
Clarion Partners acted
on behalf of a separately managed account client advised by the firm.
Additionally, HFF assisted the new ownership in securing the 10-year,
fixed-rate loan through Aegon USA Realty Advisors, LLC.
Sabadell Financial Center
is located at 150 South Pine Island Road, just north of Interstate 595, which
provides access to all parts of the tri-county area.
The 7.3-acre site is equidistant between
Miami and West Palm Beach and close to Fort Lauderdale-Hollywood International
Airport, Port Everglades and downtown Fort Lauderdale.
Extensively renovated from
2012 to 2015, Sabadell Financial Center is 96 percent leased to tenants,
including Sabadell United Bank, Quest Workspaces and Ferencik Libanoff Brandt
Bustamante & Goldstein, P.A.
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| Elizabeth Green |
The HFF investment sales
team representing the seller was led by senior managing director Hermen Rodriguez, director Ike Ojala and associate director Tracey Goo.
HFF’s debt placement team
was led by senior managing director Paul
Stasaitis and associate Maxx Carney.
The Green Companies
negotiating team was led by James
Bernstein, Elizabeth Green and George Brown.
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Specialist
HFF | 9 Greenway Plaza,
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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