Innovatus Capital Lands Doral’s Dolphin Corporate Park
New York-based Innovatus Capital Partners acquired Dolphin Corporate Park, a 164,509-square-foot office campus in Doral, from affiliates of Boca Raton-based Proccaci Development Corporation for reportedly nearly $30 million.
The two-building, Class A office portfolio is located in Miami’s gateway market. The 94.2%-leased buildings were developed in 2008 on a 9.24-acre site at 11410 and 11430 NW 20th St. Brokers say the property houses the only Class A multi-tenant office buildings in Miami-Dade County built to withstand a Category 5 hurricane and winds up to 185 MPH.
Cushman & Wakefield’s Dominic Montazemi, Mike Davis, Miguel Alcivar, Scott O’Donnell, Michael Ciadella, Greg Miller, Rick Brugge and Rick Colon represented the seller.
Montazemi says, “Dolphin Corporate Park represented an exciting core-plus investment opportunity featuring an unparalleled combination of credit tenancy, best-in-class hurricane protection, fantastic transportation dynamics, a generous parking ratio and numerous nearby amenities set against the backdrop of Doral, one of Florida’s fastest growing cities.”
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