Azora Private Solutions Buys Two Coconut Grove Offices For $82M
The deal breaks down to about $603 per square foot.
The deal breaks down to about $603 per square foot.
Gordon Messinger with CBRE represented the landlord, MG3 Group, a Florida-based real estate investment and development company, in lease negotiations.
PEBB Enterprises and Banyan Development continue to target the Treasure Coast region for strategic investment opportunities, with a particular focus on rapidly growing Port St. Lucie.
The 211,547-square-foot industrial facility is situated on 12.71 acres.
Built in 1995, the warehouse was previously owned by Cabot Properties, which acquired it in 2019 for $33 million.
Beck represented the seller, Midtown Capital, led by Zach Fox, in the sale. The property was acquired by Adler Properties.
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The 25-acre property will soon feature three state-of-the-art buildings ranging from 60,000 to 300,000 square feet.
Colliers’ South Florida Investment Services Team represented the seller in the sale of the ±77,852-square-foot mixed-use property.
He joins Cushman & Wakefield from Berkadia and has more than 20 years of experience in Florida commercial real estate.
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