Office

Cornerstone Corporate Center II

1210 S Pine Island Rd, Plantation, FL, 33324-4402, US

Cornerstone Corporate Center II_Property for Sale

Gallery

Cornerstone Corporate Center II 2_Property for Sale

Asset 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 (Deutsche Post DHL Group - Moody’s:A2; Fitch: BBB+). 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 December 31, 2026.

 

Cornerstone II 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, covered executive parking, electric car charging stations, and exceptional lake views, marks a rare opportunity to invest in a Class A suburban office asset in south Florida. Furthermore, the Tenant’s longevity at the property and recent extension offers investors secure income over the medium term, and upside opportunity in the longer term as in-place rents are marked to market. 

 

Adjoining Cornerstone I Office Building is not part of this offering but is available separately.

Attributes

Building area Net
109,659 sf
Occupancy
100.00%
Year built
2005
Land area Net
4.48 acres (195,149 sf)

Investment highlights

·       Class A Suburban Asset Built in 2005

·       Committed Tenant with Investment Grade Parent

·       Mission Critical Operation at Property

·       Strategic Location with Premier Accessibility

·       Park is Now Fully Developed with Complementary Uses

·       Abundant Amenity Base

·       Future Development Opportunity – Potential Covered Land Play

Cornerstone Corporate Center II 4_Property for Sale
Cornerstone Corporate Center II 4_Property for Sale

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Last updated
Nov 15, 2022