Six-building office park added to Kislak’s South Florida portfolio
June 27, 2016
Miami Lakes and Plantation, Fla. – The Kislak Organization announces the acquisition of Plantation Professional Park. The medical and office complex is located at 6710 – 6834 West Sunrise Boulevard in Plantation, Florida, and its six single-story buildings total 63,000 square feet on 7.84 acres. The purchase price for the property was $5.15 million, and Florida Community Bank is the lender. Scott O’Donnell and Greg Miller of Cushman & Wakefield’s South Florida Commercial Team represented the seller.
“With Broward County leading South Florida in job growth, Plantation Professional Park is well-positioned to capitalize on growing demand in the office market,” said Tom Bartelmo, president and CEO of the Kislak Organization. “We are excited about the opportunity to refresh this property and create a vibrant and diverse office center that will help support other businesses in the area.”
Kislak plans to invest in substantial exterior capital improvements, including roofs, mansards and fascia; paint and stucco; and parking surfaces, landscaping and lighting; as well as interior renovations to make the suites market-ready. The property also features vacant land offering the potential for additional office space or parking.
Plantation Professional Park fronts Sunrise Boulevard and is just 1.5 miles west of the Florida Turnpike and 4.4 miles west of I-95. It offers ample free parking, is located near Westside Regional Medical Center, and is surrounded by a thriving residential area with more than 425,000 residents within a 5-mile radius.
Kislak has engaged ComReal Fort Lauderdale to serve as the leasing agent. “We are delighted to work with Kislak to lease up this terrific property that offers great location and great value,” said Timothy J. Talbot, president of ComReal.
The Kislak office portfolio includes the Kislak Building and Miami Lakes Corporate Center in Miami Lakes, and Rockland Harbor Park in Rockland, Maine; and the multifamily portfolio is made up of apartment communities throughout the Sun Belt. Kislak is actively seeking to acquire additional properties.
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