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Once completed in the spring of 2022, the project will be a state-of-the-art warehouse facility with modern features such as a 36-foot clear height and 110 dock-high doors.
The firm moved from Palmetto Park City Center at 120 E. Palmetto Park Road.
Drew A. Kristol and Kirk D. Olson, both Senior Vice Presidents of Investments in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, Konover South.
The West Palm beach portfolio encompasses 309 units in garden style properties.
The company occupies 350,000 square feet in Tamarac including within Westpoint Distribution Center, a warehouse park neighboring Westpoint Business Center.
CBRE arranged the loan for the $174 million purchase to a joint venture between funds managed by Honolulu-based Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments LLC (“Trinity”), and New York-based private equity firm Certares Real Estate Management LLC.
Seagis Property Group bought a warehouse development site near Fort Lauderdale-Hollywood International Airport for $29.5 million, marking its ongoing bet on the booming South Florida industrial market. The Conshohocken, Pennsylvania-based company bought the Alamo Rent A Car-leased property at 1700 Eller Drive from Eller Drive Properties, according to a spokesperson for Vanguard Realty Advisors. Jonathan […]
Robert Listokin with Colliers International South Florida represented the seller in the transaction.
This loan closing marks Terranova’s ninth capital markets transaction of the year.
The project consists of 90 rental apartments and 9,642 square feet of ground floor retail.
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