Native Realty Represents Both Sides In Sale Of Flagler Village Multifamily Portfolio With Major Development Upside
The portfolio, which totals 42 residential units, traded for a combined $8.87 million, equating to $211,190 per unit.
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The portfolio, which totals 42 residential units, traded for a combined $8.87 million, equating to $211,190 per unit.
The warehouse project was built in 2022 for a joint venture between Orlando-based Cadence Development Partners and New York-based Clarion Partners.
The firm first brought on David Bateman as Managing Director for his operational leadership, broker implementation experience, and 20-year track record including senior roles at CBRE and Avison Young.
Read on for the most popular news headlines this past week on CRE-sources.
Stream Managing Directors & Executive Vice Presidents Steve Medwin and Nick Wigoda represented both the landlord and the tenant in the transaction.
The property comprises 8,599 square feet on 1.11 acres and was built in 1993. It is occupied by Shell and Dunkin’.
The new Weston location is near the company’s existing 64,000-square-foot headquarters in Miramar.
The expansion brings Garmin’s total footprint within the Park to approximately 364,606 square feet.
The new division is led by Director of Commercial Real Estate Shane McCain.
“Lincoln Road is experiencing one of the most exciting periods of growth and reinvestment in its recent history,” said Lyle Stern, president of the Lincoln Road Business Improvement District.
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