Tricera Expands Into Third-Party CRE Property Management After JV With Jaime Sturgis-Led Company
The new joint venture adds 13 properties totaling ~299,000 square feet to Tricera Management’s portfolio.
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The new joint venture adds 13 properties totaling ~299,000 square feet to Tricera Management’s portfolio.
The sale includes an industrial property which includes a vacant 224,560-square-foot building and approximately 23.2 acres of land.
The park was 80% occupied when Feldman Equities acquired the property about two years ago.
The tenants will occupy a combined 7,400 square feet at the soon-to-be-completed mixed-use development.
The transaction marks the largest office lease renewal completed in Broward County since 2019.
The Class A infill industrial portfolio consists of seven buildings totaling 677,789 square feet.
The Rok organization has maintained a strong national real estate presence for more than 50 years, with notable accomplishments ranging from being a major stockholder of a local community bank in South Florida to purchasing more than $700 million of distressed debt from 2008 to 2013.
Here are the most popular news headlines this past week on CRE-sources.
Osborne is now representing the buyer of two of the properties in its 1031 exchange and has identified several properties of interest for purchase.
Groundbreaking on the project will begin in the third quarter of 2024, with a scheduled completion date at the end of 2025.
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