Bridge Investment Group Unloads Three-Building Office Complex
The transaction included both a deed-in-lieu-of-foreclosure and a conventional sale supported by new financing.
The transaction included both a deed-in-lieu-of-foreclosure and a conventional sale supported by new financing.
Read on for the most popular news headlines this past week on CRE-sources.
The sale price breaks down to approximately $309 per square foot.
Gordon Messinger and Randy Carballo with CBRE represented the landlord in all lease negotiations.
The company intends to invest an additional $10 million into refurbishing the property.
The development includes a new 12,210-square-foot campus for Barry University’s College of Nursing and Health Services.
Read on for the most popular news headlines this past week on CRE-sources.
One tenant was represented by Tom O’Loughlin of CBRE, and the other was represented by Steve Medwin and Nick Wigoda of Newmark Southern Region LLC. Peter “PJ” Apol and Ryan Goggins represented Sunbeam Properties & Development in both deals.
The new assignments total more than 200,000 square feet.
The project spans 43 acres and brings a vibrant mix of residential, retail, and office space to the growing Congress Avenue corridor.
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