Aromatherapy Supply Store Inks Deals For 33,500 SF In Wynwood
The deals mark an expansion for the company, which already leases a 50,000-square-foot warehouse at 1148 Northwest 72nd Street in unincorporated Miami-Dade.
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The deals mark an expansion for the company, which already leases a 50,000-square-foot warehouse at 1148 Northwest 72nd Street in unincorporated Miami-Dade.
Keith Kidwell, Les Byron, and Steve Davis of SVN | Commercial Realty represented the landlord and Patrick Conness of Conness Commercial Realty represented Sunbelt Rentals, Inc. in the transaction.
Danny Finkle, Eric Williams, Jorge Portela, Ike Ojala and Kim Flores of JLL’s Miami office represented the seller, and John Crotty and Michael T. Fay of the Avison Young’s Miami office consulted with both parties on the transaction.
The acquisition of this Class A building represents a significant milestone for the buyer as they expand their portfolio and acquire their first South Florida asset.
Adam Starr is PEBB’s new Vice President of Leasing, Senior Director while Florence Motavali joins as Vice President, Operations Controller.
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The 23-story building will comprise 378 luxury rental apartments, 6,919 square feet of retail space and 1,706 square feet of offices.
The site is expected to complete and obtain master permitting within four months.
The joint venture currently expects to obtain debt financing and commence site development and construction of the initial phase of the project in the first quarter of 2024.
The property, includes a 3,941-square-foot retail/industrial building and vacant lot encompassing a total of .73 acres, sold for above the initial asking price.
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