Value-Add Apartments Purchased For $40 Million In Coral Springs
JLL worked on behalf the seller, Iron River Management on behalf of CF Partners Ltd., to complete the sale to the buyer, Keasbey, NJ-based Landmark Companies.
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JLL worked on behalf the seller, Iron River Management on behalf of CF Partners Ltd., to complete the sale to the buyer, Keasbey, NJ-based Landmark Companies.
Leslie will be overseeing 16 buildings totaling 840,063 square feet in the Seagis portfolio within Broward and Dade Counties.
Records show Colorado real estate investor and developer Mark Hunt is on the buyer’s side of the off-market sales.
She will serve as senior leasing representative for Duke Realty’s South Florida office.
The 882,000-square-foot project will include 646 rental apartments and 2,500 square feet of ground floor retail.
The developer plans to transform the shuttered Ramada Inn into a mixed-use community with 251 rental units and 5,500 square feet of retail.
A long term (20+ years) tenant recently signed a new 7-year lease starting January 1, 2021 with 3% annual increases at the property.
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The store property has the distinct advantage of having virtually no competition within this portion of the Miami Beach.
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