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Plantation Office Owner Procures $30.2M Refi
The owner of a 170,172-square-foot office building in Plantation, Florida, obtained a $30.2 million bank loan to refinance Cornerstone I. Cornerstone I is located on 9.14 acres overlooking a lake and golf course at 1200 S Pine Island Road. The Class A office building is leased to a wide variety of tenants. Brookdale Group spent $38 million on the property in 2023.
CBRE’s Amy Julian and Andrew Chilgren facilitated the transaction.
Situated in the Midtown Plantation Development District, Cornerstone One benefits from the recent addition of over 3,900 multifamily apartments and 350,000 square feet of new retail space. It’s situated near the intersection of key Broward County roadways.
Brookdale plans a lobby overhaul, move-in ready spec suites, as well as upgrades to the outdoor patios.
