JLL Tapped to Lease Brown Distribution Center in West Palm Beach
JLL Executive Managing Director Sky Groden, Vice President Evan Christiansen, and Vice President Jeremy Cain, will be leading leasing efforts on behalf of the building owner.
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JLL Executive Managing Director Sky Groden, Vice President Evan Christiansen, and Vice President Jeremy Cain, will be leading leasing efforts on behalf of the building owner.
This is the first time the property has sold since it was established over two decades ago.
The new sale marks the third time the brokers sold the same corner over a 10-year period.
CBRE has been hired as the new leasing agent for the 300,000 square foot twin tower project.
The seller, a joint venture, purchased the property and excess development land in 2016 for $90 million and executed an extensive redevelopment and re-tenanting of this iconic Ft. Lauderdale asset.
Gordon Messinger, Executive Vice President with CBRE, represented the landlord and developer in the transaction.
The asset is one of the largest remaining mixed-use development sites in the Edgewater District.
An industrial real estate veteran with 30 years of experience was tapped to lead the new venture.
The Kavista will feature 282 rental units on a two-acre site at 495 NE 83rd St.
Transwestern’s Carlos Gaviria, Walter Byrd, Ben Eisenberg and Thomas Kresse represented the tenant in the transaction.
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