CBRE Arranges the Sale of University Place at City Center in Coral Springs, Florida

CBRE National Office Partners has facilitated the sale of University Place at City Center, a Class A, 10-story, 207,295-square-foot office building located at 3111 N University Drive in Coral Springs. Boasting a comprehensive amenity package, the newly renovated property sits in the middle of the rapidly urbanizing City of Coral Springs.

The Florida arm of CBRE’s National Office Partners, led by Vice Chairman Christian Lee and Vice President Sean Kelly, represented the sellers, Bristol Group and Butters Realty. The CBRE team also included Senior Vice President Amy Julian, First Vice President Andrew Chilgren, Senior Associate Tom Rappa, and Financial Analyst Matthew Lee.

“After acquiring the building out of foreclosure, Bristol Group and Butters Realty did an excellent job executing a value-add renovation program that resulted in achieving high building occupancy and lease rates that doubled during their ownership. The significant interior improvements and thriving on-site food and beverage options position the property at the top of Coral Springs’ most desirable places to work today,” said CBRE Vice Chairman Christian Lee.

“Coral Springs’ exceptional demographics, proximity to vibrant executive communities, and robust multifamily development have fueled a strong office submarket headlined by declining vacancy and rising rents,” added CBRE Vice President Sean Kelly.