Colliers Continues Expansion With Addition Of Seasoned Vice President
He will focus on providing quality retail services out of the Fort Lauderdale office in his new role.
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He will focus on providing quality retail services out of the Fort Lauderdale office in his new role.
The firm, led by Jaime Sturgis, continues to drive Bagels & Co.’s Florida expansion, brings Mercedes sprinter van showroom to Fort Lauderdale and a new food-and-beverage concept to Pompano Beach.
A real estate fund managed by Ares Management purchased the portfolio from a joint venture (JV) partnership between Greystar and Butters Construction & Development.
This acquisition marks the firm’s second significant investment in Doral, following the recent groundbreaking of Bridge Point Doral, a project set to encompass over 2.6 million square feet of Class-A industrial space at full build out.
Prior to joining Lee & Associates South Florida, he served as Senior Associate at Apex Capital Realty and worked closely with CBRE, managing a national bank portfolio spanning three states and 150 locations.
Colliers Vice Chair Stephen Rutchik represented the long-term tenant in the lease renewal. Cushman & Wakefield’s Brian Gale, Andrew Trench, Ryan Holtzman, and Edward Quinon represented the landlord.
The purchase price translates to $230 per square foot.
The project is slated for delivery in October 2024.
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JLL Capital Markets arranged the financing for the 210,000-square-foot portfolio.
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