"It's an absolute win-win for the city of Pompano [and Corinthian]," Marisela Cotilla, a broker involved in the transaction, tells GlobeSt.com, noting that Pompano Beach needed a college to meet the needs there.
In the staggered deal, Corinthian plans to take possession of the space beginning later this year, Cotilla says. "We're quite excited to be part of it; it was an effort with multiple brokers."
Cotilla, vice president, and Jeffrey Lapidus, also vice president with the Palm Beach County office of CB Richard Ellis Inc., represented Brenner Real Estate Group, along with Rauch Weaver, in the transaction. Brenner Real Estate Group owns the building.
Staubach Realty represented Corinthian Colleges in the lease.
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.
