Software Business Chetu Purchases Sunrise HQ for $25M

1500 Harmony Terrace and Atal Bansal, founder and CEO of Chetu (Photos courtesy of Chetu)

Program service provider Chetu paid out $25 million for its new headquarters in Dawn in Broward County.

Chetu, now based mostly in Plantation, purchased the workplace residence at 1500 Concord Terrace at the Sawgrass Global Corporate Park, according to a news launch. Chetu will go its headquarters there in the tumble.

The seller, 1500 Harmony Terrace LLC, is affiliated with nationwide health care group Mednax, data clearly show. It purchased the property, crafted in 1995, for $18.5 million in 2011.

The 5-story, 178,060 square-foot assets is on a 22-acre campus that will incorporate a basketball and volleyball court docket, going for walks path, health and fitness amenities and large-tech communications and protection infrastructure, in accordance to the launch.

Chetu, which will be the anchor tenant, will lease the remainder of the suites to other tenants.

Jay Adams of Newmark suggested Chetu on the offer and will exclusively lease the assets.

Chetu, led by founder and CEO Atal Bansal, is transferring to a larger space to accommodate corporation progress, in accordance to the launch.

Chetu formulated its current, 63,600 square-foot headquarters in 2019 at 1248 North University Push in Plantation. The group, through its sister business, has rented the entire three-tale making to the IRS for its Broward County business office under a 15-yr lease.

This office offer is a person of a slew in recent months in much more suburban Broward County markets outdoors of Fort Lauderdale.
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Brookfield House Team purchased final 7 days an workplace house in Miramar at 15800 Southwest 25th Road that is completely leased to Comcast for $29 million. In Might, Midtown Cash Associates scooped up a newly created, fully leased office environment making at 1700 North University Travel in Plantation for $78 million.

And on Palm Beach Gardens, Ab muscles Nationwide Small business Parks acquired the Gardens Plaza pair of workplace structures and adjacent developable parcel for $30.55 million.

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