Description

Jones Lang LaSalle Americas Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire Cornerstone Corporate Center II (the “Property” or the “Building”), a 109,659 square foot, Class A office building 100% leased to DHL Express (USA), Inc, a division of DHL Group (Deutsche Post AG - Moody’s: A2). The Property is located in the highly amenitized Cornerstone Corporate Park in Plantation, FL and has served as the U.S. corporate headquarters for DHL Express since it was built in 2005. DHL recently renewed their commitment to Cornerstone II and extended their lease out to May 31, 2037.

Cornerstone II is strategically positioned at a prominent gateway to Plantation, a dynamic live-work-play community supported by strong office market fundamentals, affluent surrounding demographics, and an extensive array of nearby amenities. Benefiting from $838K of recent capital improvements including a new cooling tower, and coupled with immediate access to I-595, covered executive parking, electric vehicle charging stations, and scenic lake views, the offering represents a compelling opportunity to acquire a premier suburban office asset in South Florida.In addition, the tenant’s long-standing occupancy and recent lease extension provide investors with stable cash flow in the medium term, along with future upside potential as current rental rates align with market conditions over time.

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