 |
| Dolphin Corporate Park, 11410 and 11430 NW 20th Street, Northwest Miami-Dade County, FL |
MIAMI, FL – Lincoln
Property Company Southeast (LPC), a full service commercial real
estate firm headquartered in Dallas, was recently retained as Property Manager
by Innovatus Capital Partners, LLC (Innovatus), an independent advisor and
portfolio management firm based in New York City , for its newly acquired
Dolphin Corporate Park.
The ±164,509-square foot Class A office campus is located in
the city of Sweetwater in northwest Miami-Dade County .
It consists of two three-story office buildings built in 2008 on 9.24 acres at 11410 and 11430 NW 20th St .
 |
| Diego I. Juncadella |
It consists of two three-story office buildings built in 2008 on 9.24 acres at 11410 and 11430 NW 20th St .
Diego I. Juncadella, Vice President-South
Florida, said over the last 22 months LPC has assisted Innovatus in closing 10
properties across the country with Dolphin Corporate Park being the latest
acquisition.
“This purchase
continues to align with our consistent approach to acquire cash flowing,
high-quality commercial office properties located in strong growth markets
across the U.S. with a secure and resilient tenant rent roll,” said Bradley
Seiden, Managing Director at Innovatus.
“We look forward to
continuing our relationship with Lincoln Property and becoming part of the
growing greater Miami metro.”
“Through a
challenging closing environment, our strategic partners – lenders, operators,
attorneys and vendors – all stepped up to meet their obligations, which
contributed to a successful closing,” Seiden added.
As a result of
this acquisition, the LPC-managed portfolio for Innovatus now exceeds 2.3
million square feet, according to Juncadella.
 |
| Edward J. Price |
Anchor tenants at the
office center - which is 94.2 percent occupied – include Humana (CarePlus); ADT
Security Services; ATF (GSA); Food and Drug Administration (FDA); US Bank;
Banco Santander and Brickell Bank.
“These credit tenants were attracted to the Dolphin Corporate Park ’s build
quality, which exceeds Florida ’s demanding building codes for hurricane safety
standards and N+1 power redundancy," said Edward J. Price, Senior Vice
President for LPC.
"These key
attributes provide a value proposition to tenants in South Florida who, now
more than ever, need assurance of business continuity in their office space.”
Dolphin Corporate
Park ’s strategic proximity to both the Dolphin Expressway and Florida ’s
Turnpike along with the adjacent 1.4 million square-foot Dolphin Mall offering
numerous dining and retail amenity options for tenants, are among the reasons
the property has maintained an average of 95 percent occupancy with credit
tenants.
 |
| Art Fernandez |
In addition to those
location advantages, the state-of-the-art disaster-resistant construction is
unsurpassed as the two buildings have been rated as the only category 5
hurricane resistant office buildings in Miami-Dade, according to Price.
“This competitive advantage is expected to attract tenants on a long-term basis,” he said.
“This competitive advantage is expected to attract tenants on a long-term basis,” he said.
LPC’s Director of Property Management Art Fernandez who
will oversee the property can be reached at 305-607-7963.
CONTACTS:
Diego I. Juncadella, Vice President-South
Florida , Lincoln Property Company Southeast; 786-762-3076 djuncadella@lpc.com
Edward J. Price, Senior Vice President,
Lincoln Property Company Southeast, eprice@lpc.com 407-872-3500
No comments:
Post a Comment