Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1991
Building Area Net
Land Area Net ()
Rentable Area
Occupancy 80.0 %

Asset Description

Jones Lang LaSalle Americas Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire Cornerstone Corporate Center I (the “Property” or the “Building”), a Class A, 80% leased multi-tenant asset located in the highly amenitized Cornerstone Corporate Park in Plantation, FL. Comprised of 170,172 square feet, Cornerstone I boasts a WALT of 3.7 years and high-quality, committed tenancy that includes such investment grade tenants as Marriott International (S&P: BBB), Morgan Stanley (S&P: A-), and MetLife (S&P: A-).


Cornerstone I is perfectly situated at a key access point to the town of Plantation, a vibrant live-work-play community that benefits from exceptional office fundamentals, affluent household demographics, and a myriad of proximate amenities. These highlights, along with the property’s proximity to I-595, parking deck, and exceptional lake and golf course views, marks a rare opportunity to invest in a true Class A, best-in-market suburban office asset in south Florida. Furthermore, the Property’s 3.7 year, multi-tenant WALT offers investors secure, yet diversified income over the medium term, and upside opportunity in the longer term as in-place rents are marked to market.


Adjoining Cornerstone II office building is not part of this offering but is available separately.

Investment Highlights

·       Rare, Class A, Trophy Suburban Asset

·       Mark-to-Market Opportunity

·       Average Historical Occupancy Above 91%

·       Long-Term Stability with Investment-Grade Tenancy

·       Strategic Location with Premier Accessibility

·       Park is Now Fully Developed with Complimentary Uses

·       Abundant Amenity Base

·       Value Creation Through Lease-Up and Modernization

·       Future Development Opportunity – Potential Covered Land Play

Last Updated Date: 15 Nov 2022

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Last Updated Date: 15 Nov 2022

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