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Tuesday, May 22, 2012 Industrial
Fort Lauderdale, Fla.-based Matecumbe Capital Management has purchased the Rand Industrial Portfolio in Davie and Plantation for $21.5 million from Rand Industrial Realty. Scott O'Donnell and Dominic Montazemi of CB Richard Ellis represented Rand Industrial in the transaction. The 255,000 square foot portfolio contains seven buildings - two in the Davie Park of Commerce and seven in the Plantation Technology Park in Plantation. The portfolio is currently 91 percent occupied to tenants such as Goodwin Biotechnology Inc., Briar County Health Department and Elite Formal Wear. Montazemi said the property will soon have a new tenant that will raise the occupancy rate. O'Donnell is a senior vice president with CBRE's Private Client Group in Boca Raton. Prior to that, he was a broker for Trammell Crow Company and a former commercial real estate appraiser. Montazemi is an associate with the Private Client Group and specializes in the financial underwriting of investment properties. He was previously an analyst for Trammell Crow Company. Address: SW 21st Ct., Davie, Fla., and NW 13th Court, Plantation, Fla. Size: 255,000 square feet Filed Under: Industrial E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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