PEBB, Banyan Announce 71,000-SF Retail Development
The frequent joint venture partners have a contract to acquire nearly 15 acres for the future construction of the Shoppes @ the Heart of Tradition.
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The frequent joint venture partners have a contract to acquire nearly 15 acres for the future construction of the Shoppes @ the Heart of Tradition.
The property is 100% leased to more than 40 tenants ranging from light industrial to athletic and recreational uses.
Berger Commercial Realty/Corfac International Senior Sales Associate Jonathan Thiel and Senior Vice President St. George Guardabassi represented the landlord in the lease deal.
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The lease deal includes an expansion of an additional 8,686 square feet.
Transwestern secured a buyer within one week on the market.
The deal, which is under contract, would mark the largest office sale in Miami since at least 2019.
They will serve as Senior Vice Presidents in the Miami office, representing office tenants.
State Street Realty Executive Vice President Ed Lyden led the State Street Realty brokerage team and represented the Landlord, Clarion Partners, LLC.
The planned project is the second of two distribution facilities in Duke Realty’s Miami 27 Business Park in Medley.
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