Plantation Medical Office Park Trades
The $244-per-square-foot transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
The $244-per-square-foot transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
The acquisitions come after Redfearn Capital’s acquisition in March 2023 of a 138,200-square-foot property situated on 10.8 acres located at 201 Busch Drive, within Imeson Industrial Park in Jacksonville, and an industrial outdoor storage (IOS) facility located at 1595 SW 4th Ave in Delray Beach.
Here are the most popular news headlines this past week on CRE-sources.
The site’s zoning allows for 44 units, three stories in height, with a total buildable area of 126,341 square feet by right.
Jeffrey Cebula, Senior Associate of the firm’s Tenant Representation Division, finalized the lease transaction on behalf of the tenant.
Brian Gale and Edward Quinon of Cushman & Wakefield represented the landlord in the lease negotiations. Holland & Knight LLP was represented by Todd Lippman and Shay Pope of CBRE.
The ten-year lease is expected to commence in November 2023 upon completion of tenant improvements.
University Station will provide 216 units of workforce housing, a 635-space parking garage, and a new home for Barry University College of Nursing and Health Services.
Firm CEO Jaime Sturgis and COO Kaley Tuning exclusively represent Bahia Mar’s ownership, led by developer Jimmy Tate, in leasing Marina Village.
Anthony Librizzi and Tara England of Cushman & Wakefield represented the landlord, District Pointe, LLC, in the lease negotiations. Derek Baker of Colliers represented the tenant.
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