Retail Building Sale In Islamorada Fetches $227 PSF In Off-Market Deal
The transaction was brokered by Jordan Gimelstein and David Spitz of Koniver Stern Group.
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The transaction was brokered by Jordan Gimelstein and David Spitz of Koniver Stern Group.
The buildings total 252,244 square feet.
Skyler Marinoff represented both the buyer and seller in the off-market transaction.
CBRE’s Larry Genet and Tom O’Loughlin represented the landlord in the deal.
The real estate investment management group purchased the 109,497-square-foot building for $44.6 million.
The properties, located at 3240 SE 6th Avenue and 501 SE 33rd Street in Fort Lauderdale were sold to an owner/user for $1,475,000.
Canopî will feature a variety of restaurant and entertainment concepts and a mix of retail and creative offices.
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Drew A. Kristol and Kirk D. Olson, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, an affiliate of Lombardi Properties and Bayshore Investment Partners.
Larry Dinner of CBRE is the leasing representative for IDI Logistics for the new building.
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