Chicago Firm Picks Up West Palm Office Building
The company intends to invest an additional $10 million into refurbishing the property.
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The company intends to invest an additional $10 million into refurbishing the property.
One tenant was represented by Tom O’Loughlin of CBRE, and the other was represented by Steve Medwin and Nick Wigoda of Newmark Southern Region LLC. Peter “PJ” Apol and Ryan Goggins represented Sunbeam Properties & Development in both deals.
The new assignments total more than 200,000 square feet.
The project spans 43 acres and brings a vibrant mix of residential, retail, and office space to the growing Congress Avenue corridor.
The site recently received site plan approval from the City of Miami for a three-building, eight-story mixed-use development consisting of 1,050 residential units and 49,737 square feet of commercial space.
The trophy assets were sold in a deal marking one of the most significant hospitality-driven trades of 2025.
The decision was largely driven by the demands of Codina Partner’s newest project Regency Parc, an ultra-luxury residential tower in Coral Gables.
The custom-built headquarters will offer between 600,000 and 700,000 square feet of workspace.
Originally built in 1925, echo was repositioned in 2021 and offers Class A office space with approximately 10,000 square feet of ground floor retail and a 257-space parking garage.
The financing was provided by City National Bank of Florida.
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