Galium Capital snags Sunrise office building at deep discount, paying $17M; Seller Barings Real Estate paid $15M more for Lake Shore Plaza II roughly a decade ago

  • 9/27/2024

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In a sign that office properties in South Florida suburbs are bargain deals, Galium Capital acquired a five-story building in Sunrise for $17 million, roughly half the previous sale price nearly a decade ago. 

An affiliate of Miami-based Galium, led by managing partners Jacques Bessoudo and Iser Rabinovitz, bought Lake Shore Plaza II at 1300 Concord Terrace, records and real estate database Vizzda show. The buyer obtained a $5.5 million mortgage from New Wave Loans. 

Galium Capital
Jonathan Slomianski | Director, Acquisitions
Barings
John Ockerbloom | Head of US Real Estate

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