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Managing Directors Michael Weinberg and Scott Wadler of Berkadia South Florida orchestrated the financing on behalf of Driftwood Capital, a prominent hospitality sponsor headquartered in Miami.
The sale price equates to $214 per square foot.
The project includes 663 units located at the entire block that includes 901 E 26th Street.
The transaction would set a record if the purchase closes at this price.
Easton’s Michael Foxwell Jr. and Andrew Easton negotiated the lease transactions.
The software company, with 2,000 employees worldwide, said last week it would relocate its headquarters from San Francisco to Miami.
Day Pitney Attorney Daniel Diaz Leyva represented NY-based Highpoint Property Group, which acquired the site in a joint venture with local partner Akabas Properties.
The 10,978-square-foot building is located on an oversized and fenced 1.2-acre lot, providing ample room for truck and trailer parking.
The deals mark an expansion for the company, which already leases a 50,000-square-foot warehouse at 1148 Northwest 72nd Street in unincorporated Miami-Dade.
Keith Kidwell, Les Byron, and Steve Davis of SVN | Commercial Realty represented the landlord and Patrick Conness of Conness Commercial Realty represented Sunbelt Rentals, Inc. in the transaction.
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