Native Realty’s Jaime Sturgis Reps Buyer In Cypress Creek Retail Plaza Acquisition
The off-market transaction closed on June 13.
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The off-market transaction closed on June 13.
South Pointe spans 7.84 acres and features 179 apartment units and 17,063 square feet of ground-floor retail space across three four-story buildings.
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The college will consolidate its operations into a new 30,000-square-foot facility within the reimagined mixed-use development.
Jonathan De La Rosa, senior managing director of investments in Marcus & Millichap’s Miami office, procured the buyer in the transaction.
C. Todd Everett arranged the sale on behalf of both the buyer and seller.
The 235,000-square-foot property sold for approximately $372 per square foot.
The exclusive leasing team for the project—Sky Groden, SIOR; Ken Morris, SIOR; and Jeremy Cain of JLL—represented Bridge in the lease transaction.
The 689,940-square-foot portfolio consists of 20 warehouse buildings located in the Medley submarket.
The project will include 2,500 square feet of ground-floor retail, 380 parking spaces and a mix of studio to three-bedroom residences.
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