New $90 Million Industrial Project Slated For 43.8-Acre Site Of Former Flea Market
The $90 million project is expected to be completed in 18 months.
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The $90 million project is expected to be completed in 18 months.
EDEN Living, in a joint venture with affiliates of Westport Capital Partners, just acquired a nearly 20-acre site with plans to develop 214 townhome-style units.
Otto Travieso of Real Capital Partners LLC represented the tenant, The Cromer Company, in the 7-year lease deal.
The Newmark team was led by Jordan Roeschlaub and Dustin Stolly, Co-Presidents of Debt & Structured Finance, along with Executive Managing Directors Christopher Kramer and Nick Scribani, as well as Senior Managing Director Danny Matz from the Miami office.
Representing the Park in both transactions were Ryan Goggins and Peter Apol of Sunbeam Properties and Jonathan Kingsley of Colliers. John Marshall of JLL represented one of the tenants.
A private investor purchased the 45-key property for under $15 million.
C. Todd Everett, an investment specialist in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor.
The lease is the largest office lease signed in northern Palm Beach County in more than two years, according to Cushman & Wakefield.
Codina is planning a mixed-use project with a focus on residential, “lifestyle” shops and neighborhood businesses, however he did not yet have a detailed development plan.
He will focus on providing quality retail leasing services for the Urban Core Division led by Mika Mattingly based out of the Miami office.
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