Monarch Alternative Capital To Acquire 90 Percent Stake In A Downtown Miami Office Tower For $300 Million
The deal, which is under contract, would mark the largest office sale in Miami since at least 2019.
The deal, which is under contract, would mark the largest office sale in Miami since at least 2019.
They will serve as Senior Vice Presidents in the Miami office, representing office tenants.
State Street Realty Executive Vice President Ed Lyden led the State Street Realty brokerage team and represented the Landlord, Clarion Partners, LLC.
The planned project is the second of two distribution facilities in Duke Realty’s Miami 27 Business Park in Medley.
The property was sold to an affiliate of Banyan Street Capital.
Fortuna Real Estate purchased the parcel from Inter Dolphin Property LLC for $3,650,000.
The standalone ±83,200-square-foot building is located within Link’s Miramar I-75 Distribution Center and was most recently occupied by Comcast Corporation.
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Senior Vice President Keith R. Graves, CCIM, along with Senior Sales Associates John Forman and Jonathan Thiel represented landlord Prologis-North Carolina Limited Partnership in the deal.
In his new position, he is responsible for industrial acquisitions throughout the southeastern U.S. and will oversee leasing and marketing for Sunbeam’s existing South Florida portfolio, including the Miramar Park of Commerce.
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