(Miami, FL – May 5, 2021) Midtown Capital Partners LLC, a Miami-based real estate investment and asset management firm with over $700 million under management, announces the company has acquired, through its affiliate 1700 University LLC, a recently completed Class A office building in Plantation Florida, located at 1700 North University Drive for a purchase price of $78 million.

The four-story, state of the art building, located in the prominent Plantation Pointe office park, sits on 7.1 acres of land and features 145,322 square feet of office space and a
three-story, fully automated parking garage for 870 cars.

Developed by Chicago-based Torburn Partners, this office building is 100% occupied under a long-term lease with Fortune #42 Centene Corporation, where the company has consolidated their South Florida operations. Other office tenants in the 77.5-acre park are Magic Leap, Envision Healthcare and Motorola Solutions, and on the retail side, Walgreens, Starbucks and Chipotle, among others.

3650 REIT provided the $46.8 million mortgage loan. With this last acquisition, Midtown Capital has invested over $150 million in Plantation Pointe since 2017, adding to its two office buildings that encompass 221,000SF and the retail component of the campus at the southeast intersection of University Drive and Sunrise Boulevard.

This transaction marks Midtown Capital’s third office acquisition during the pandemic, after successfully acquiring a brand new 56,710SF multi-tenant office building in Miramar and a 152,753SF single-tenant building in Colorado Springs. The firm has deployed over $200 million in Florida, Colorado and Illinois over the past 12 months, acquiring industrial and office, institutional-quality assets.

About Midtown Capital Partners

Founded in 2010 and headquartered in Miami, FL, Midtown Capital Partners is a real estate asset management and investment platform with a management team with over 60 years of combined experience. The company currently manages more than $700 million in real estate investments, offering investors tailor-made structures and strategies across the four major asset types.