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Senior Managing Director Charles Foschini, Managing Director Chris Apone and Senior Analyst Shannon Wilson of Berkadia Miami secured the financing on behalf of Neology Life Development Group, a lifestyle-driven residential and commercial real estate firm led by Lissette Calderon.
The industrial flex warehouse located along NE 189th Street in the high barrier-to-entry market of Aventura (Miami MSA) offered both stable income with additional upside, given the size and liberal zoning of the parcels as well as the prime location and strong opportunity for redevelopment.
CBRE Executive Vice President Gordon Messinger represented the landlord, Banyan Street Capital, in all lease negotiations.
He joins Berger Commercial Realty with a background in digital marketing and supply chain management.
The multi-phased, $38.5-million project totals over 850,000 square feet of Class A warehouses.
Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt represented the seller in the transaction.
Here are the most popular news headlines this past week on CRE-sources.
The financing is SCALE Lending’s first deal in South Florida.
The multimillion-dollar purchase, redevelopment, and headquarters expansion project, will be named “Counsel Commons.”
Colliers’ Executive Vice President Robert Listokin represented FirstService Residential in the lease negotiations.
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