Two Publix-Anchored Retail Centers Trade For $32M
JLL Capital Markets arranged the sales of the 70,288-square-foot Shops at Sunset Lakes in Miramar, Florida and the 109,811-square-foot Town Center Shops at Jensen Beach.
JLL Capital Markets arranged the sales of the 70,288-square-foot Shops at Sunset Lakes in Miramar, Florida and the 109,811-square-foot Town Center Shops at Jensen Beach.
Benjamin H. Silver and Charlie Manuel with CBRE represented the seller and procured the buyer.
The company began as a property management firm and remained solely focused on property management for the first years. Now, as one of the largest independently owned and operated commercial real estate brokerage and property management firms in South Florida, the company has grown to 45 employees with two offices in two counties, currently averaging approximately 300 brokerage transactions each year for a total volume of roughly $400 million.
The committee will assist in shaping the company’s strategy and direction, provide market guidance and expertise, review investment opportunities, and offer important perspectives and feedback.
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Franklin Street’s South Florida Investment Sales Team of Greg Matus, Adam Tiktin and Alex Lazo, along with Red Rock Realty’s Norman Matus, arranged the sale on behalf of the seller.
The 61-acre site features building sizes ranging from 100,000-400,000 square feet, with approval for up to 700,000 square feet of industrial development.
Alexander Bernaldo, SIOR, President of Americas Commercial Real Estate, and Rene Vivo, SIOR, CEO of Vivo Real Estate Group, negotiated the transaction.
With over 16 years of experience in the real estate industry and a track-record as a top producer, he has negotiated more than seven million square feet of leased office space for clients that span over 1,000 transactions, which involved strategic real estate planning, workplace strategy, financial consulting and transaction management.
With Togal.AI’s award-winning technology, Coastal Construction teams cut nearly 14,000 hours of work, saving close to $1 million in their first year using it.
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