He brings more than two decades of institutional experience across leasing, investment and advisory services, having overseen over $4 billion in transactions involving more than 7 million square feet of office assets across Florida’s major markets.
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The prime Coconut Grove asset traded for $61 million, achieving a record-breaking price of more than $1,100 per square foot.
This transaction brings the 420,525 square feet of rentable Class A office space at the project to nearly full occupancy.
The new South Florida office will support STRO’s rapidly growing Florida portfolio, which now includes 10 industrial buildings totaling approximately 1 million square feet.
Brunetto brings extensive experience in commercial real estate investment, transaction execution, and portfolio strategy, having worked across more than $1 billion in diversified commercial real estate transactions over the course of his career.
Pricing expectations exceed $200 million.
RFR acquired the tower and an adjacent parking garage in 2022 for $81.1 million.
The asset, which consists entirely of two-bedroom/two-bathroom units that average 916 square feet, traded for $23 million, or $198,276 per unit.
The Colliers South Florida office leasing team, led by Senior Vice President Darcie Lunsford, has been chosen to handle leasing and marketing of the 137,000-square-foot, all-glass midrise.