HFF announces $21.15M sale of One Charter Place in Coral Springs, FL

Ike Ojala

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $21.15 million sale of One Charter Place, a 101,941-square-foot, Class A office complex in the Broward County, Florida City of Coral Springs.

The HFF team represented the seller, a partnership between True North Management Group, LLC and Delma Properties, Inc., and procured the buyer, Borsa Properties, LLC.

One Charter Place is located at 3301 North University Drive at one of Broward County’s most heavily traveled intersections, University Drive and Sample Road. 

The property is located equidistant between Miami and Palm Beach within a highly-amenitized area featuring several new developments, including the Village Green retail site across from the property and The Reserve at Coral Springs and Coral Lago residential developments. 

Hermen Rodriguez

Completed in 2007, One Charter Place comprises a four-story, 76,904-square-foot office building; three single-story buildings - the Eastern Building, Sola Salons and the Wells Fargo Bank Branch and a 489-space structured parking garage. 

The Class A asset is 94 percent leased to a diversified tenant roster that includes the Florida Department of Revenue, BFS Companies, Bank of America/Merrill Lynch, Wells Fargo, Sola Salons and Keller Williams. 

The HFF investment advisory team representing the seller included senior director Ike Ojala, senior managing director Hermen Rodriguez and director Tracey Goo.

Tracey Goo

“One Charter Place combines top-quality buildings and structured parking with a strong rent roll and high-visibility location, which attracted numerous offers for the asset,” said Ojala.

For more information, please contact:

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com