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.
The $1 billion transit-oriented community will rise across from Miami-Dade County’s SMART Plan Dolphin rapid transit station as part of a public-private partnership.
Currently home to two vacant multifamily buildings, the property will be demolished to make way for a new high-end development featuring exclusive residences.
Here are the most popular news headlines this past week on CRE-sources.
The office building will be the only Class A office building in Miami to offer private boat access and dockage.
The small-bay light industrial buildings were 95% leased at the time of sale to 42 tenants.
The property was acquired as part of Stiles’ recently announced acquisitions strategy, which targets value-add retail properties in Florida. A detailed renovation is scheduled to begin early 2025.
The buyer plans to develop the property into a 4-building self-storage facility, with plans already approved for a 150,000 square foot self-storage complex.
The four-story, 93,219-square-foot boutique office building traded for $20 million.