Offices at Southland, a class B, nine-building complex, was developed in phases between 1983 and 1985. The site houses 40 tenants in seven one-story buildings and two two-story structures. The 20-acre property is at South Orange Blossom Trail and Sand Lake Road, a redeveloping commercial location, area retail brokers tell GlobeSt.com.

Ten buyers were bidding for the property, Charles Foschini, senior director in the Miami office of CB Richard Ellis-L.J. Melody Co., tells GlobeSt.com. The deal was done at this time because "it was the end of a hold period [for the seller] and there were ideal market conditions for a sale," Foschini says.

The property was on the market for about six weeks. The deal took about five months to complete, from letter of intent to closing. CBRE's Miami and Orlando offices negotiated for the seller. Professors Capital represented itself.