PEMBROKE PINES (December 3, 2012) – Florida-based real estate investment management firm Grover Corlew has acquired Herald Plaza in Pembroke Pines for $9 million.
Located at 2000-2010 N.W. 150th Ave., Herald Plaza is a 77,209 sq.-ft., two building campus on five acres at I-75 and Pines Boulevard. Among the tenants in the complex is the Miami Herald’s Broward County bureau. Grover Corlew, a real estate investment management group focused on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S., has extensive renovation plans for Herald Plaza which was built in 2001.
“We are pleased to add Herald Plaza to our growing portfolio,” said Partner Mark Corlew. “Western Broward County, particularly Pembroke Pines, is growing significantly, which makes Herald Plaza a terrific investment for us as we grow our commercial property portfolio in South Florida.”
Herald Plaza is the second office property purchased by Grover Corlew in South Florida this year. The group also acquired 220 Congress, located on the southwest corner of West Atlantic Avenue and South Congress Avenue in Delray Beach earlier this year.
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About Grover Corlew
Led by experienced real estate veterans who have worked together since 2002 and who have more than 40 years of combined industry experience, Grover Corlew is a real estate investment management group focused on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S. Grover Corlew has offices in South Florida, Orlando and Atlanta and provides in-house asset management and property management services. The company is also an active developer with in-house development expertise as well as strategic relationships with tenants and local developers throughout the Southeast U.S.