Charles J. Foschini, Christopher Apone, Lourdes Carranza-Alvarez and Shannon Wilson of Berkadia Miami secured the financing on behalf of the sponsors, Neology Development Group and American Opportunity Zone Advisors (AOZA).
Colliers’ Jonathan Kingsley, Kevin Gonzalez, and Tom Farmer represented the landlord in the lease renewal. JLL’s Adam Bernstein represented the long-term tenant.
The ten-year lease will commence upon completion of building construction and tenant improvements expected to be in June 2025.
The first phase of the project includes a total of 350,000 square feet of revamped and newly built retail space, along with three 8-story multifamily buildings with 470 market-rate apartments.
Here are the most popular news headlines this past week on CRE-sources.
In honor of the New Year, here are the most popular news headlines of 2024 on CRE-sources.
The property consists of three 36-foot clear height rear-load industrial distribution buildings containing approximately 495,000 square feet on 23.4 acres.
The sale price comes to approximately $362 per square foot.
In this role, the two executive leaders will work closely with the Altman Logistics Properties leadership team to provide advisory services focused on organizational growth, corporate strategy and real estate technology and innovation in support of the company’s business development and growth.
The buyer is a joint venture between East Capital Partners, Tramview Capital Management, and ABR Capital Partners.