JV Offloads 254K-SF Hollywood MOB

Fox Ridge Capital, Jax Capital Investments and TKF Real Estate Investment sold the Venture Center, a professional and medical office complex located at 3440 Hollywood Boulevard and 200-300 S Park Road in Hollywood, Florida. The final sale price was $69 million.

Cushman & Wakefield’s Scott O’Donnell, Dominic Montazemi, Mike Davis, Rick Brugge, Rick Colon, Mike Ciadella, Greg Miller, and Miguel Alcivar represented the joint venture. Chris Lee of CBRE represented the buyer, South Broward Hospital District, a political subdivision of the State of Florida.

Located in Hollywood, Florida, the suburban, campus style, professional and medical office complex totaling 254,015 square feet is comprised of three, four-story buildings built between 1982 and 1986 and is situated on 16 acres at the highly trafficked intersection of Hollywood Boulevard and South Park Road. This central location is a half mile west of I-95 and 2.25 miles east of the Florida Turnpike.