CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.
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Here are the most popular news headlines this past week on CRE-sources.
Plans for the Class A tower include 750,000 square feet of creative offices, structured parking for 1,000 vehicles and 7,500 square feet of ground-level retail space.
Two of the three tenants are relocating law firms.
Senior Vice Presidents Keith R. Graves, CCIM and Jonathan Thiel, along with Sales Associate James Karrat, represented the landlord in executing the lease.
Vice President Michael Carpenter handled the leasing for SRG, a division of the full-service real estate development firm, Stiles.
The portfolio was sold in four separate transactions to two different buyers.
The companies plan to develop a 595,000-square-foot depot facility at the site.
Senior Vice Presidents Keith R. Graves, CCIM, SIOR and Jonathan Thiel as well as Sales Associates Daniel Forman and Lawrence Oxenberg will spearhead the leasing initiatives for a diverse range of buildings within the portfolio.
Thad Adams, Managing Director of Brokerage Services at The Allen Morris Company, along with Rafael del Rosal and Maricarmen Cabrera, also with The Allen Morris Company, represented the tenant in lease negotiations. Kevin Gonzalez, Senior Vice President, Tom Farmer, Vice President and Stephen Rutchik, Vice Chairman with Colliers, represented the landlord.
The transaction ranked as South Florida’s largest urban retail lease in 2023 and the fourth-largest retail lease deal overall.
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