The Gateway at Wynwood was represented by Colliers’ Executive Managing Director Stephen Rutchik, Managing Director Tom Farmer and Director Tyler de la Pena in the office lease transaction.
Jason Hochman and Ron Granite of Cushman & Wakefield’s Equity, Debt & Structured Finance team secured the loan through Ameris Bank.
Under the proposed special area plan, Sunbeam Properties would build 1,936 residential units, including 117 units of workforce housing, 870,000 square feet of office/retail space, a 112,500-square-foot hotel with about 300 rooms, and about 5,000 parking spaces.
Franklin Street’s South Florida Investment Sales Team of Greg Matus, Adam J. Tiktin and Alex Lazo represented the seller, GSK Hollywood Development Group, LLC.
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The Park consists of approximately 530,000 square feet of small and midsize dock height and street level office / warehouse bays situated on approximately 30 acres of land within a designated Foreign Trade Zone and is comprised of one of the most diverse mixtures and configurations of warehouse units of any industrial park in Broward County.
This 11,423 square foot building has unparalleled exposure from I-95 as well as convenient access from I-95, and is zoned “D-1”, allowing the future owner to capitalize on benefits designated under the Neighborhood Revitalization district which permits development of up to a ten-story building.
CBRE’s Nicolas Palazzo and Andrew Fernandez brokered the deal.
Broward College will use the entire fourth floor for classrooms, labs, and meeting space that promote educational goals, including general educational development degrees and college-entry preparation.
Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing.