Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Jefferson Square Plaza, a 53,000-square foot office and retail property located at 6041-6047 Kimberly Blvd in North Lauderdale, FL, according to Ryan Nee, Regional Manager of the firm’s Miami office. The asset sold for $6,300,000.

Quinn Sousa, Ryan T. Shaw, and Jose Fernandez, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the sellers, a partnership. The buyer, an individual/personal trust, was secured and represented by Gus Bergamini of The Keyes Company.

“Jefferson Square had historically operated at a stabilized 85% occupancy prior to the inception of the COVID-19 health pandemic. As stay-at-home orders were lifted, Jefferson Square’s occupancy rose to 100% as tenants were drawn to single story office assets with amenities, such as individual suite access, conducive to navigating the health pandemic while operating a business. We leveraged these selling points to preserve value for our seller and provide a vision for growth to the buyer during a challenging time. ” said Sousa.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.