Negotiations are underway with a national grocer, gas station, high end national coffee shop, national dental provider, a first-class daycare, as well as several other restaurants and service-oriented businesses.
Senior Vice President Kimberly Barbar is handling the sale.
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The partnership plans to develop a 200,000 square foot industrial building on the 12.5-acre site.
The lease deal comes on the heels of 96,728-square-foot lease deal, which the Berger Commercial Team negotiated earlier this month.
The future office space is projected to be completed in 2023 and will be able to accommodate a large variety of clientele with single tenant potential.
The Castle Beach Club site represents the rare opportunity for developers to build a project that would re-shape the Miami Beach Skyline.
In addition, Berkadia lined up a $280.3 million loan for the acquisition.
JLL marketed the property on behalf of the seller, KDD Enterprises Inc., which has owned the property since it was developed in 1995.
New York-based DRA Advisors bought the 1.7 million-square-foot office park