Newmark Managing Director Mitch Heifetz serves as the building’s exclusive leasing agent, representing Brickstar Capital in the transaction. The tenant was represented by Jared Robins of Inhouse CRE.
The sale ranks among the largest industrial transactions on record in Martin County, signaling significant market expansion and growing interest from both institutional and private investors.
Over the past three years, he has closed more than $100 million in transactions, earning a reputation as one of South Florida’s most active retail investment brokers.
The sales total nearly $16 million in value.
The full project is planned for 1.5 million square feet of industrial space on an 87-acre site.
In addition to the office lease, the new tenant will also open a 5,916-square-foot ground-floor restaurant at the property.
The project, which features 106 residences and a 29-slip private marina, is located on the last 14 contiguous acres of Intracoastal waterfront in the Palm Beaches.
The 265-room all-suite hotel is prominently positioned along University Drive in the heart of Plantation’s rapidly expanding mixed-use district.
The interest-only loan was structured as a single-asset, single-borrower CMBS transaction.
The project, which is located near Broward Health and the new Federal Courthouse, is anticipated to be completed in the first quarter of 2027.
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