Integra Investments Completes $18 Million Sale of Islamorada Marinas
This marks Integra Marinas’ first marina sale within its growing portfolio, following a multi-million-dollar repositioning of the assets.
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This marks Integra Marinas’ first marina sale within its growing portfolio, following a multi-million-dollar repositioning of the assets.
The deals bring the industrial center to 100% occupied.
The master plan includes up to 1,200 market-rate residential apartments, green space for residents, an office building, and a revamped shopping center with 300,000 square feet of lifestyle-oriented retail and restaurant space.
The company expects to invest more than $36 million into more than 140,000 sq. ft. of precast concrete manufacturing facilities and administrative offices, located on approximately 94 acres in Belle Glade.
CBRE Executive Vice President Robert Smith, Senior Vice President Kirk Nelson and Executive Vice President Jeffrey Kelly facilitated the sale of the development site and have been tapped to market the project.
Here are the most popular news headlines this past week on CRE-sources.
The developer had applied for rezoning of the 11.4 acre parcel.
Kirk Olson and Drew A. Kristol represented the seller, an institutional investor with several offices throughout the country and procured the buyer, Benderson Development.
On behalf of the landlord, TA Realty, Avison Young Principal Donna Abood, who is also Managing Director of the firm’s Miami office, Vice President Joe Abood, and Associate Peyton Dowd facilitated the transactions.
The loan was secured as part of a multifamily property purchase by a joint venture between Angelo Gordon and Mast Capital.
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