Visit Us On FacebookVisit Us On LinkedinVisit Us On Instagram
Visit Us On FacebookVisit Us On LinkedinVisit Us On Instagram

Grover Corlew buys Hillsboro Center office complex in Deerfield Beach

Grover Corlew bought the Hillsboro Center office complex in Deerfield Beach for $32.5 1nillion, a sharp increase fro1n its last sale price in 2015.

The Pompano Beach-based real estate investment firn1 purchased the five-building, 216, 100-square-foot development at 600 West Hillsboro Blvd for $150 per square foot, records show.

The seller is tied to Dallas-based TriGate Capital, which paid $22 million in 2015 for the buildings, records show. They were built in 1987.

Cushrnan & Wakefield represented the seller in the deal.

Hillsboro Center is currently 90 percent leased, with tenants including Dart Container Corp., Humana and Old Republic National Title Company, according to a press release.

Grover Corlew focuses on buying conventional office buildings, rnedical offices and retail properties in the Southeast. In 2016 it bought Boca Raton’s Interstate Plaza, an 87, 146-square-foot office property at 1499 West Palmetto Park Road, for $9.5 million.

Deerfield Beach, close to Fort Lauderdale and I-95, has become a popular location for con1n1ercial and industrial developers.

Last month, Brookfield Property Partners bought four commercial buildings at Deerfield Beach’s Quoru1n Business Center for $36.3 million.

In late 2018, Adler Real Estate Partners bought a corporate park at 348-398 and 402-636 Southwest 12th Avenue for $3 5.1 million.