C-III Capital Partners Buys Property for $19 Million in Miami
C-III Capital Partners and NAI Merin Hunter Codman just secured an office building located in Sunrise, Miami. This acquisition was finalized at $19 million in October 2017.
The office building, named International Place II, is located at 1580 Sawgrass Corporate Parkway. It was previously owned by Realty Associates Fund VIII, a company based in Boston, Massachusetts. The property was built in 2000 and has several modern features including impact glass windows and an updated common area. International II itself is located on a 7.4-acre lot in the Sawgrass International Corporate Park.
The office park currently consists of well-known companies such as Ford, Fidelity Information Systems, AT&T, American Express, Harris Corporation, Xerox, and TicketMaster. A warehouse was purchased in 2015 from a medical equipment manufacturer. It is currently unclear what C-III Capital Partners has planned for International II.
C-III Capital Partners owns properties around the country in various cities, including New York, Denver, and Dallas. The purchase of International II solidifies both C-III and Andrew Farkas’ long-term goal of being an industry leader in the world of real estate. Already a philanthropist and strong supporter of various charities, Andrew Farkas continuously strives to do what is best for his company and other organizations. The purchase of International II reaffirms C-III and Andrew Farkas’ gratitude for being able to help other communities thrive and prosper.