Seagis Property Group bought a warehouse development site near Fort Lauderdale-Hollywood International Airport for $29.5 million, marking its ongoing bet on the booming South Florida industrial market. The Conshohocken, Pennsylvania-based company bought the Alamo Rent A Car-leased property at 1700 Eller Drive from Eller Drive Properties, according to a spokesperson for Vanguard Realty Advisors. Jonathan […]
Robert Listokin with Colliers International South Florida represented the seller in the transaction.
This loan closing marks Terranova’s ninth capital markets transaction of the year.
Here are the most popular news headlines this past week on CRE-sources.
The new lease represents a 53,000-square-foot expansion.
The Bridge Point 595 location marks a new Florida location for the company.
Michael Feuerman, Steve Hyatt and Daniel Silver of Berger Commercial Realty represented the seller. Mark M. Rubin and Bastian Laggerbauer of Colliers | South Florida Investment Services Team represented the buyer.
The project consists of 90 rental apartments and 9,642 square feet of ground floor retail.
Anthony Librizzi and Tara England of Cushman & Wakefield represented the landlord, Colonnade Properties, in the lease negotiations.
The lease and sale transactions total over 80,920 square feet.