Allen Morris Co. Announces Mixed-Use Development In Coconut Grove
The development firm will be moving their corporate headquarters to the proposed office building where they plan to occupy approximately 15,000 square feet.
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The development firm will be moving their corporate headquarters to the proposed office building where they plan to occupy approximately 15,000 square feet.
The portfolio totals 495,674 square feet.
The 253,000-square-foot office building was built in 1986 and expanded in 2007, complete with 931 parking spaces. It is currently 92% occupied.
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Ryan Goggins and Peter “PJ” Apol represented the Park in the transaction. Matthew Cheezem of Cushman & Wakefield represented the tenant.
Colliers’ Michael Falk and Jonathan Temple represented the tenant in the lease transaction. Cushman & Wakefield’s Matthew McAllister and Eric Cantor represented the landlord.
The portfolio is primarily located in Miami-Dade, Broward, and Palm Beach counties and stands to benefit from the Golden Glades Interchange Enhancement.
JLL’s Yuri Quispe, Peter Sheridan, and Peter Johnston will spearhead leasing efforts.
Three of the commercial property sales closed on the same day.
The project will total 214,183 rentable square feet, with 427 apartments offering studio, one-bedroom, two-bedroom and 13 townhouse loft units.
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