The project will deliver 384 apartment residences totaling approximately 391,747 square feet featuring structured parking and an extensive suite of lifestyle-focused, state-of-the-art amenities.
The 164,000-square-foot, 36-foot clear height rear-load industrial distribution building is 100% leased to two tenants.
The 43,878-square-foot professional building located within PGA Station sold for $15.5 million.
The office opening marks a significant milestone in the firm’s continued growth across South Florida, joining existing offices in Palm Beach Gardens, Boca Raton, and Tampa.
The assignment follows JLL Capital Markets’ sale of the 91,956-square-foot property to New York Life for $38.3 million.
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Colliers’ Jake Freeman, Kevin Gonzalez, and Maggie Guajardo Kurtz oversee office and retail leasing activity for both projects.
The deal was facilitated by Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors.
Berger Commercial Realty has also been retained as the exclusive leasing agent for the project. Keith Graves, Jonathan Thiel, Daniel Forman, and Lawrence Oxenberg will lead leasing efforts, bringing extensive market expertise and tenant representation experience to the assignment.
Selling for $4.7 million on Jan. 8, the property was designated a Federal Brownfield site in 1999. Stigliano Commercial Real Estate was instrumental in guiding the cleanup process and worked collaboratively with the property owner on redevelopment plans for more than seven years.