The Faith Group Announces Sale Of Three-Story Office Property In North Miami Beach
Alex Zylberglait and Michael Crocchiola of Marcus & Millichap and Roy Faith of FIP Commercial were the brokers in the transaction.
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Alex Zylberglait and Michael Crocchiola of Marcus & Millichap and Roy Faith of FIP Commercial were the brokers in the transaction.
Andrew Lehrer and Wayne Schuchts with SRS Real Estate Partners, along with Denise Chaimovitz, MA, SIOR of Entre Commercial, represented Setna in the lease negotiations. Devin White, Tom O’Loughlin, and David Albert with CBRE represented the landlord, Dalfen Industrial.
The tenant will occupy the entire 40,838-square-foot Class A, newly constructed warehouse.
The sale price equates to more than $653 per square foot.
Read on for the most popular news headlines this past week on CRE-sources.
The project transformed Ryder System’s former office headquarters into a modern, LEED certified,
326,448-square-foot logistics complex now available for immediate occupancy.
The eight-acre, 348,480-square-foot property is fully occupied by national tenants The CDL Schools and Park My Fleet.
The 57-story office tower is Miami’s first Class-A delivery in more than a decade.
“This area has experienced some of the fastest growth in the country, with downtown Fort Lauderdale’s population surging by more than 35% in the last four years and Flagler Village’s residential base more than doubling over the past decade.”
The shopping center sale price equates to more than $300 per square foot.
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