Levy Realty Advisors, Cushman & Wakefield Arrange $482 PSF Sale Of Boutique Office Building
Cushman & Wakefield secured $9 million in acquisition financing through Principal Life on behalf of the buyer.
Cushman & Wakefield secured $9 million in acquisition financing through Principal Life on behalf of the buyer.
The state-of the-art 1,818-space garage features solar energy in an investment to install 360 photovoltaic (PV) panels that create a solar power generating system on the top floor to offset electrical grid impact by converting sunlight into electricity.
Tony Arellano and Devlin Marinoff are overseeing leasing of the entertainment destination’s available retail, restaurant and office space.
The buyer’s plans include a multifamily development on the site.
The 55,046-square-foot property sits near the Intracoastal Waterway and features a mix of neighborhood restaurants and high-end retail stores.
The property last traded for $39.5 million in 2010, equating to $99 per square foot.
Here are the most popular news headlines this past week on CRE-sources.
The law firm was previously located in Brickell.
Christian Lee, José Lobón and Marcos Minaya of CBRE Capital Markets, and Jay Adams with Newmark represented the seller, Encore Capital Management, in the transaction.
Now under construction, “The Julia” (formerly No. 16 Residences) is a $100 million, 14-story residential tower that will deliver 323 upscale one- and two- bedroom apartments to one of the city’s most historic and vibrant neighborhoods.
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