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Marcus & Millichap Brokers the Sale Of A 59,070-SF Office Building on University Drive

February 04, 2022

PLANTATION, Fla., Feb. 4, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of Plantation Corporate Center, a 59,070-square-foot office property located in Plantation, Florida. The 3.19-acre property sold for $12,700,000.

Alex D. Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, Rüger Holding, a German real estate investment group, headed by René Gerdom. The buyer, MMB Commercial Properties Company, Inc., was secured and represented by Zylberglait and Crocchiola.

“This one-of-a-kind asset provides the buyer a strategic location in central Broward County with a roster of professional tenants in a beautifully built corporate center with a strong upside in the growing Plantation submarket,” said Zylberglait.

Plantation Corporate Center is located at 2 S. University Drive in Plantation, Florida, on a hard signalized corner of West Broward Boulevard and South University Drive, directly across from Westfield Broward Mall. The 1985-build was renovated in 2019 and is currently 88% occupied.

 

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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