Back to today’s briefing

Story perspectives

Florida Office Campus Secures $53.5M Refinancing Amid High Demand

2/4/2026

40 6 Full Breakdown

Summary

Story summary

In February 2026, a joint venture of C-III Capital Partners and Vanderbilt Office Properties refinanced Crossroads I, II, and IV in Plantation, Florida for $53.5 million.
The 289,582-square-foot campus is 85% leased, while more than 165,000 square feet were leased in the past two years.
Plantation’s office vacancy rate is 9.3%, the lowest in Broward County, and the market has absorbed 200,000 square feet since 2021, signaling strong demand.

History

Historical Context

The U.S. economic recovery post-COVID-19 gained momentum in 2021, marked by a surge in office space demand. The refinancing of Crossroads in Plantation, Florida, for $53.5 million exemplifies this trend, as the 289,582-square-foot campus reached 85% occupancy. This reflects a broader absorption of 200,000 square feet in Broward County, indicating a shift in commercial real estate dynamics and workplace strategies.

1 of 2

Story summary

In February 2026, a joint venture of C-III Capital Partners and Vanderbilt Office Properties refinanced Crossroads I, II, and IV in Plantation, Florida for $53.5 million.
The 289,582-square-foot campus is 85% leased, while more than 165,000 square feet were leased in the past two years.
Plantation’s office vacancy rate is 9.3%, the lowest in Broward County, and the market has absorbed 200,000 square feet since 2021, signaling strong demand.

1 / 2