$68.2M Refinancing Secured For Broward County Office Complex
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Paul Stasaitis and Associate Maddy McMillen.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Paul Stasaitis and Associate Maddy McMillen.
The company plans to move to its new location in the fourth quarter of 2025.
The sale highlights the continued strength of the industrial real estate market in Fort Lauderdale, driven by increasing demand for warehousing solutions.
Senior Managing Directors Roberto Pesant and Jaret Turkell, along with Directors Omar Morales and Yoav Yuhjtman of Berkadia South Florida, led the transaction on behalf of the seller, MAG Real Estate & Development of Delray Beach.
The 4.8-acre mixed-use entertainment center is adjacent to one of the 14 stations on the South Dade Transit Way, which is scheduled to open in the first half of 2025.
Here are the most popular news headlines this past week on CRE-sources.
Wayne Ramoski, Skylar Stein, and Ivanna Leitner Perez of Cushman & Wakefield represented Dalfen Industrial in the lease negotiations.
The lease deals drive total occupancy in the trophy office complex to 95 percent.
PEBB and Banyan picked up the 23-acre site for $7.46 million.
The activity includes a significant lease renewal with Brookfield Corporation, a global leader in financial services, underscoring the ongoing demand for high-quality office space in South Florida.
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