JLL Capital Markets leads sales efforts for Lyons Technology Center, a six-building industrial park in Coconut Creek, FL

Aaliyah St. Louis

 

 MIAMI, FL –  JLL Capital Markets arranged the sale of Lyons Technology Center, a six-building light industrial portfolio totaling 232,833 square feet in Coconut Creek, Broward County, Florida.

JLL represented Principal Asset Management in the sale to Stockbridge. The price was not disclosed.

 Luis Castillo

The JLL Capital Markets Investment Sales team was led by Managing Director Luis Castillo, Director Cody Brais, Director Wells Waller and Analysts Taylor Osborne and Aaliyah St. Louis.

The light industrial portfolio was built between 2002 and 2004 and is generally located at the northwest intersection of Lyons and Johnson Roads.

 The buildings feature ample clear heights, a combination of rear-load and front-load configurations, shallow bay depths, and 572 parking spaces.

At the time of sale, the buildings were 89.1% leased to 44 tenants across diverse industries.

Cody Brais

Lyons Technology Center is situated less than one mile north from the Lyons Road on-ramp to the Sawgrass Expressway (SR-869), which connects to Florida’s Turnpike, State Rd. 7 and I-95. 

The properties are also located in the City of Coconut Creek within the Broward County market and a 34-minute drive from Fort Lauderdale’s CBD.

The site’s proximity to multiple major highway systems allows users to reach over 5.5 million people in a 60-minute drive.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. 

Wells Waller

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

 

About Stockbridge

Stockbridge is a private equity real estate investment management firm led by veteran industry professionals. 

The firm’s portfolio comprises assets across the investment risk spectrum, including core, value-add and opportunistic strategies. Stockbridge and its affiliates have approximately $33.8 billion of assets under management (as of June 30, 2023) spanning all major real estate property types and certain specialty property types throughout the United States. 

Taylor Osborne

 

About Principal Asset Management^SM

With public and private market capabilities across all asset classes, Principal Asset Management^SM and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives.

By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for its clients. Its dedicated real estate investment team manages or sub-advises $97.5 billion in commercial real estate assets.¹ The firm's real estate capabilities include both public and private equity and debt investment alternatives.

Contact

Alli Semans

PR, Hotels & Hospitality,

 Capital Markets

JLL
M +1 330 329 6750

www.stockbridge.