South Florida Office Brokers Association

Tag: fifteen group capital llc

  • Fifteen Group Proposes Mixed-Use Project On Plantation Office Site

    Fifteen Group Proposes Mixed-Use Project On Plantation Office Site

    Fifteen Group Capital wants to build a mixed-use project next to a Plantation office building.

    The city’s Review Committee will consider development plans for the 13.7-acre site at 8601 W. Sunrise Blvd. the afternoon of Aug. 25. It currently has a 130,549-square-foot office building that was constructed in 1986. AT&T is the main tenant.

    The property was acquired for $12 million in 2018 by 8601 West Sunrise Owner LLC, an affiliate of Miami-based Fifteen Group.

    The developer is seeking site plan approval for 442 residential units in three buildings totaling 444,168 square feet, 150,000 square feet of offices, and a 2,500-square-foot retail building, which would likely be a drive-thru fast-food restaurant. The project would have 1,326 parking spaces, including a 238,739-square-foot garage.

    Attorney C. William Laystrom Jr., who represents Fifteen Group in the application, couldn’t be reached for comment.

    “The proposed residential development will complement commercial uses in the area, being that residents of the proposed community will likely shop at businesses located within the nearby commercial plazas such as Jacaranda Square and Jacaranda Plaza, and many other proximate businesses,” the developer stated in the application.

    There’s been a recent trend of developing multifamily and restaurants in South Florida office parks to allow people to live where they work.

     

    Source:  SFBJ

  • NKF Capital Markets Completes $12 Million Sale Of AT&T Net Lease Office Building In Plantation

    NKF Capital Markets Completes $12 Million Sale Of AT&T Net Lease Office Building In Plantation

    NKF Capital Markets announced the $12 million sale of the AT&T net lease office building in Plantation to Fifteen Group Capital LLC.

    The 130,549-square-foot, single-tenant building has been a headquarter location for a subsidiary of AT&T, Bellsouth Telecommunications Inc., since the building was constructed in 1985.

    NKF Executive Managing Director Michael Lapointe and Managing Director Michael Lohmannrepresented the owner, FT-Florida Property LLC, along with Brian Bartlett and John Richardsonfrom Newmark Phoenix Realty Group.

    Location, accessibility and the potential for future redevelopment were three key factors that influenced the buyer’s purchase decision.

    “Acquiring a 14AC site with in-place income in one of the most sought-after submarkets in Broward County was very attractive to the buyer, who has plans to reposition the property in the future,” said Lohmann.

    Situated on 13.72 acres at 8601 West Sunrise Boulevard, the two-story office building is based in the heart of a dense commercial corridor. The property also benefits from a wide range of retail options, including several restaurants, medical services, a Walmart and a Publix, and accessibility to major highways.