Hollywood Industrial Property Sells For $387 PSF
The deal was handled exclusively by CBRE’s Larry Genet, Tom O’Loughlin, Michael Oretsky, Devin White, Jose Lobon and David Albert.
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The deal was handled exclusively by CBRE’s Larry Genet, Tom O’Loughlin, Michael Oretsky, Devin White, Jose Lobon and David Albert.
The two-story retail property spans 128,779 square feet and occupies nearly an entire block along one of the country’s most exclusive shopping streets.
CBRE’s Tyler Kuhlman, Luke Hansen and C’jon Armstead represented the sellers as well as the buyer in the transaction.
The Florida City property is a fully leased multi-tenant retail center anchoring a mix of service-oriented businesses.
The property sits on approximately 7.41 acres and is currently configured as a single-tenant office building.
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The newly acquired assemblage spans multiple properties along North Andrews Avenue, totaling more than 20,000 square feet of existing commercial space.
Botanic Residences is located in West Brickell/Little Havana and will deliver some of the first high-finish condominium product to the market.
Senior Vice Presidents Juan Mendiola and Federico Tunnerman arranged the loan for Ocean Bank.
The move, the Chicago-based firm says, reflects the evolution of its business and operating platform after 25 years.
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