Deal underlines continued interest of South American investors in South Florida
PEMBROKE PINES, FL (Dec. 10, 2019) – Colliers International South Florida’s Executive Director Harry Blyden and Senior Associate Bastian Laggerbauer recently closed on Silver Lakes Professional Campus - the $10 million, 31,481 square foot mixed-use property on 4.5 acres in Pembroke Pines, Florida – to buyer Escape 19 C, LLC, an Argentinian investor.
Colliers International South Florida represented the seller, CPAC Silverlakes LLC, in the transaction.
Spanning two buildings, Silver Lakes Professional Campus is located at 17720-17779 Pines Boulevard and is comprised of a 7,639 square foot retail building and a 23,842 square foot medical office building.
“The sale of this property further exemplifies the growing demand for mixed-use professional campuses and their unique investment opportunity in South Florida, especially amongst South American investors. These types of properties are continuously sought after for their dynamic opportunities in strategic locations that investors can capitalize on and we are very pleased to have negotiated satisfactory terms that met the needs of both parties,” said Harry Blyden, Executive Director of Capital Markets at Colliers International South Florida.
Earlier this year, Colliers represented CPAC Silverlakes in an additional transaction with Escape 19 in the purchase of a medical office building anchored by Memorial Healthcare and situated within the Silver Lakes Professional Campus, as the buyer aimed to expand its real estate portfolio across the country and South Florida.
“South American money transacting within the South Florida marketplace is indicative of this area being a safe harbor to international investors, further strengthening values of local assets and maintaining a steady demand for Core/Core+ assets of both, value-add and stabilized characters,” added Laggerbauer.
Set in the heart of the booming Pembroke Pines market, Silver Lakes Professional Campus is positioned for stable occupancy and rent growth due to its prime visibility and close proximity to I-75, the surrounding affluent and growing residential communities as well as the combination of national retail and medical oriented tenants.