Codina Partners Acquires Former Sears Site At Hialeah’s Westland Mall
Codina is planning a mixed-use project with a focus on residential, “lifestyle” shops and neighborhood businesses, however he did not yet have a detailed development plan.
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Codina is planning a mixed-use project with a focus on residential, “lifestyle” shops and neighborhood businesses, however he did not yet have a detailed development plan.
He will focus on providing quality retail leasing services for the Urban Core Division led by Mika Mattingly based out of the Miami office.
CBRE’s Dana Nialis, Angie Weber, Deborah Fink, and Carol Ellis-Cutler represented The Oncology Institute in lease negotiations.
JLL simultaneously arranged a $65.8 million preferred equity investment from Pensam.
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The firm has 13 projects ranging from 24 to 150 units in various stages of development just within the Wynwood Norte boundaries.
Within 29 months of groundbreaking, Cymbal DLT paid off its $60.3 million construction loan to 3650 REIT and distributed to their equity investors over a 130% return.
Christian Lee, Andrew Chilgren, Marcos Minaya and Sean Kelly of CBRE brokered the transaction on behalf of both the buyer and seller.
Avison Young Principals Michael T. Fay, Jay Ziv, John K. Crotty, David Duckworth, and Brian C. de la Fé completed the sale.
The listing, which is being handled by CBRE Senior Vice President David Wigoda, says the property offers a turnkey solution for a corporate buyer or it could be redeveloped for office, industrial, retail, hotel or multifamily uses.
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