Broward Office Campus Trades For $38 Million

Written by on 11.19.13 in Office - No comments

The Motorola Solutions campus located at 8000 West Sunrise Blvd. in Plantation has sold for $38.1 million to an Illinois-based buyer, according to public records.

The new owner of the property, which includes one main building with lots of surrounding surface parking, is a company operating as 8000 West Sunrise, which Torburn Partners manages. Michael K. Burns, the company’s president, signed a mortgage for $29 million from Key Bank for the purchase.

CBRE brokered the sale.

In 2008, multinational computer and electronic parts manufacturer Foxconn International Holdings hired staffers laid off from Motorola’s Plantation hub. The lay-offs came as Motorola announced a plan to split into two publicly traded, stand-alone entities: one focused on mobile handsets and related products, and the other on voice and data communications products and services. Motorola’s Plantation operation serves as the company’s Latin American headquarters, and holds engineering and sales sections for its handset business.

Foxconn has done work for companies such as Apple, Nokia and Sony.

 

Source:  SFBJ

Leave a Comment