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Future renovations planned include further upgrades to the building lobbies, additional building amenities, a new state-of-the-art conference facility, and continued upgrades to the common areas and restrooms.
JLL Capital Markets closed the sale and secured the equity for the 793-unit Modera Academical Village.
Gordon Messinger, an Executive Vice President with CBRE, will lead the marketing efforts.
The building totals more than 180,000 square feet.
The JLL brokerage team of Managing Directors Steven Hurwitz and Doug Okun and associate Madeline Fine are spearheading the office leasing at the property.
In addition to bringing on the trio, Cushman & Wakefield has welcomed several new hires over the past few months.
The 6.7-acre improved land parcel is adjacent to the intersection of the Palmetto Expressway and West Okeechobee Road.
The luxury yachting company will occupy the 175,510-square-foot building’s entire 11th floor penthouse accommodating nearly 60 employees.
The Estate Companies developed the project in 2021 and achieved 95% occupancy in six months.
The 131,680-square-foot property consists of two single-tenant net leased buildings.
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