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.
The center was 92% occupied at the time of sale.
Three tenants have signed on for a combined 20,000 square feet.
This is the first time the property has been offered for sale since it was built in 1974.
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