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JV Inks Refi on Plantation Office Complex
A joint venture between C-III Capital Partners and Vanderbilt Office Properties closed on a $53.5 million loan refinancing Crossroads I, II and IV, a 289,582-square-foot office campus comprising three four-story buildings in Plantation.
Crossroads I, II and IV are 85% leased to a diverse roster of 20 tenants. The property has benefited from more than 165,000 square feet of leasing activity over the past two years.
CBRE’s Amy Julian and Andrew Chilgren represented the joint venture partnership.
Located in the heart of the Midtown Plantation Development District, the property is positioned within one of South Florida’s strongest suburban office markets. Plantation reports a 9.3% office vacancy rate, the lowest in Broward County, and the market has absorbed more than 200,000 square feet of space since 2021.
Crossroads I, II and IV are 85% leased to a diverse roster of 20 tenants. The property has benefited from more than 165,000 square feet of leasing activity over the past two years.
- ◦Sale/Acquisition
