The project will have a total cost of $25.4 million, consisting of a pair of five-story apartment buildings spread between 3.5 acres of land on the border of Miami-Dade and Broward County.
The renowned international soccer program, which is affiliated with the prominent Italian professional club Juventus F.C., is set to open a nearly one-acre facility within the third phase of Atlantic Village.
Here are the most popular news headlines this past week on CRE-sources.
The property consists of one recently developed rear-load 32-foot clear industrial distribution building containing approximately 221,000 square feet on 11.4 acres.
The sale was a classic value-add opportunity with rents at 10-20% below market for small bay warehouses.
The plaza totals 11,975 square feet.
Bridge’s growing South Florida asset management portfolio currently spans 5 MSF+ of Class-A industrial space.
The 240,669-square-foot building was 95% leased at the time of the sale.
The asset was completed in Q2 2020 and is approximately 98 percent leased.
Berkadia arranged $14.1 million in acquisition financing on behalf of Foundry Commercial for the acquisition.