News

February 22, 2016
Stemtech Square (formerly known as “Herald Plaza”) Sold

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the sale of Stemtech Square (the “Property”) to a high net-worth investor who closed on the 98 percent leased property on February 22, 2016. An affiliate of Atlantic Creek and its joint venture partner acquired the 77,146 square foot, two building office campus on December 4, 2012.

The property is among the more visible suburban office developments along the I-75 corridor in southwest Broward County with approximately 152,000 cars passing by per day as of 2012. The property offers excellent access to Dade, Broward and Palm Beach counties; a highly educated area workforce; and proximity to numerous retail and restaurant opportunities for its tenants.

Atlantic Creek, with offices in New York, NY, Palm Beach, FL, and Los Angeles, CA, targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate primarily located on the East and West Coasts of the U.S., Texas and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.