Oak Row Equities Acquires Prime Downtown Site Across From MiamiCentral Brightline Station For $38.5 Million
Oak Row Equities purchased the $38.5 million site off-market.
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Oak Row Equities purchased the $38.5 million site off-market.
JLL was also involved in the 2023 sale of the resort to Trinity and funds advised by UBS Asset Management, which represented the third largest single-asset hotel sale ever in the U.S. at the time.
The property is currently over 90 percent sold.
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The project will consist of a Class A, two-building, variable-depth multi-tenant industrial development totaling 457,110 square feet situated on 30.78 acres.
BEC Realty Trust, led by Frank Espinosa, paid $9,200,000, the full asking price, marking a twenty-five percent increase in value.
The 50-seat restaurant with outdoor seating at Gateway Shopping District will feature the cuisine that Guy Fieri lauded as “the best Greek food” he’s ever tasted in a 2023 “Diners, Drive-Ins and Dives” episode.
The portfolio consists of 16 apartment buildings.
He has also been consistently recognized by NAIOP South Florida, including Sale of the Year (2023), Private Office Sale of the Year (2021, 2022), Rookie of the Year award (2018), and Capital Markets Team of the Year (2017).
The project will be situated on the 4.2-acre vacant lot at the corner of NW 53rd Street and NW 52nd Terrace.
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