11/12/2007CBRE negotiates $21M sale of Florida industrial portfolio
by 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 | | |
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