The lease was facilitated by Berger Commercial Realty/CORFAC International’s Senior Vice President Keith R. Graves, CCIM, SIOR, and Vice President Lawrence Oxenberg, who represented Solotech in this transaction.
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The new agreement secures 83,793 square feet of space, which includes an expansion of 14,560 square feet.
The properties are occupied by Taco Bell and Burger King.
The building has been 70% pre-leased to a cruise ship industry provider of non-perishable food items and food service supplies commencing with building completion and tenant build-out, expected to be in the third quarter of 2025, and expiring February 2033.
The new tenants will occupy a total of 22,213 square feet of space.
Newmark was the sole broker in the transaction, with Executive Managing Directors Steve Medwin and Nick Wigoda facilitating the sale.
Vice President Bradley Arendt, Executive Vice President Mika Mattingly and Associate Jonathan Papeika of the Colliers South Florida Urban Core Division represented the seller in the transaction. Ryan Shaw of Marcus & Millichap represented the buyer.
Here are the most popular news headlines this past week on CRE-sources.
The sale was conducted as an all-cash transaction, underscoring the strong demand for real estate in this vibrant market.