Barings & Arkadia Property Group Acquire Coral Springs Logistics Center
The logistics center totals approximately 124,000 square feet.
The logistics center totals approximately 124,000 square feet.
The seller achieved 25% asset appreciation in 14 months with a strategic value-add plan.
1801 Building is now 97% occupied following the latest transactions; Infinity Sales Group moves into the company’s Park at Broken Sound building.
New ownership plans to spend north of $10 million in capital improvements to the property throughout 2022, including renovations to the lobby areas, corridors, and restrooms of Tower I, II and III. Additionally, they will be enhancing tenant amenities with a conference center, lounge, and state-of-the-art gym.
Here are the most popular news headlines this past week on CRE-sources.
The lease brings Miami’s MedSquare Place to full occupancy prior to delivery.
The future mixed-use project will utilize the existing building.
The portfolio consists of three waterfront sites, totaling 1.36 acres, each with site plan approval already in-place for the development of a luxury mid-rise condominium with high-end amenities.
Scott Goldstein, Keith Edelman and John Nugent with CBRE represented Aon in the lease negotiations.
E-commerce continues to spur demand for well located, fully-secured trailer/fleet parking lot assets across South Florida.
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