Cushman & Wakefield’s Beau Ladwig and Donna Korn represented Workman Injury Law in the transaction.
“The building was 84% leased at the time of sale, and with approximately 40% of the rentable square footage set to roll over in the next four years, new ownership has a compelling opportunity to drive significant net-operating income grow ...
Firm CEO Jaime Sturgis and COO Kaley Tuning represented the seller in the $5 million transaction, which equates to $650 per square foot.
The leases total just over 30,000 square feet.
Savills Managing Director Michael Wernick, along with Senior Managing Directors Lawrence Epstein and David Browne, represented the tenant in the transaction.
The Newmark team, led by Senior Managing Director Jeremy Hakala and including Managing Director Matt Himmelsbach and Director Brandon Shores, will lead leasing efforts on behalf of ownership.
The company will now occupy the entire top floor of 1489 W. Palmetto Park Road, totaling 30,000 square feet.
Donna Korn and Beau Ladwig will serve as the exclusive leasing agents on behalf of the landlord.
Built in 1984 and 1985 on 5.5 acres, the Deerfield Financial Centre comprises 60 office suites ranging in size from 120 square feet to over 4,750 square feet.
C. Todd Everett arranged the sale on behalf of both the buyer and seller.
