Monumental Wynwood Transaction Closes
This transaction underscores a paradigm shift in rates and market fundamentals and sets a new bar for the Miami office market.
This transaction underscores a paradigm shift in rates and market fundamentals and sets a new bar for the Miami office market.
“The Buyer plans to make capital improvements to the property,” explained Thiel. “These small bay warehouses/apartment properties are rare and great investments to have in today’s market.”
Larry Genet and Tom O’Loughlin with CBRE represented Industrial Outdoor Ventures in both the purchase and lease of the property.
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Executive Managing Director Mark M. Rubin and Director Bastian Laggerbauer of Colliers | South Florida Investment Services Team represented the seller in the transaction.
Jaime Sturgis-led firm’s recent closings include office, retail and industrial property sales.
Eichholtz’s lease marks its first branded flagship location in Miami.
Tricera and Merrimac closed the acquisition of the ±16,500 square feet of retail and restaurant space in August 2020
The buildings total 60,000 square feet each and are accompanied by a half-acre auxiliary parking lot.
Genet Property Group purchased the small bay warehouse.
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