In one deal, Dixie Southland purchased the 36,793-sf Harbor Place office building at 1600 S.E. 17th St. from 1600 Seventeenth Inc. The building is approximately 85% occupied.
In addition, Mega Partners Development LLC bought the 21,160-sf 1510 S.E. 17th St. office building and a 29,000-sf lot at 1540 S.E. 17th St. from Alepou LLC. J. Scott O'Donnell, one of the brokers involved in that sale, tells GlobeSt.com that the buyers want to put an office building or a restaurant on the land.
Preliminary numbers for the size of any office building there vary. One architect did a configuration that included a 50,000-sf office building, but that could be even larger if things are designed differently on the property, such as the parking configuration, says O'Donnell, senior associate for Trammell Crow Co.'s South Florida Investment Services group who works out of the company's Boca Raton, FL office.
A restaurant may be 6,000 sf if it is freestanding, or one could be incorporated into an office building, he says. Next door, the 1510 building is 66% leased. Two floors are fully leased by Norwegian Cruise Lines, and another floor sits vacant.
Trammell Crow vice president Peter Filomena, also based in the company's Boca Raton office, worked with O'Donnell on both sales. O'Donnell and Filomena represented 1600 Seventeenth Inc. in the Harbor Place transaction. Norman W. Adams, senior associate with Trammell Crow, represented Dixie Southland.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
