Six-Building Medical Office Complex Trades Hands

PLANTATION, FL-Plantation Professional Park, a six-building, multi-tenant office complex at 6710-6834 W. Sunrise Blvd., has traded hands in a $7.6-million transaction. That translates to $123.35 per sf for the property that is 86% occupied, primarily by medical tenants.

The complex has an aggregate of 61,613 sf and has recently undergone a capital improvement program, according to Grant Savage, VP in the Miami office of Grubb & Ellis’ investment services group. He and Brian DiRienzo, a G&E VP in the same office, represented the seller, identified as PPP LLC. Savage says PPP LLC is a group of investors. Norman Nierenberg and Erroll Eisinger of Miami-based N&E Equity, represented the buyer, also an investment group identified as Plantation Professional Park LLC.