M&M Closes Two Office Building Sales Totaling $12.8 Million
The buildings total approximately 62,000 square feet.
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The buildings total approximately 62,000 square feet.
The unique, two-story Walgreens is one block away from Ocean Drive.
All the new tenants are expected to open for business in the Spring of 2022.
Newmark’s Managing Director Clay Sidner represented the tenant in the transaction. CBRE’s Senior Vice President Maggie Kurtz and Vice President Kevin Gonzalez represented the landlord.
The new, two-building logistics facility totals 317,499 square feet.
Totaling 1.38 acres on the block running up to the iconic Lincoln Road, the portfolio includes 1.21 acres or 52,500 square feet of contiguous developable lots with an existing 55,516-square-foot mixed-use/retail structure along Alton Road and an additional 0.17-acre or 7,500-square-foot parking lot on the West Avenue side.
CBRE’s Gordon Messinger represented the landlord, MAS*AJP, in the transactions.
The 56,072-square-foot building is located within Miramar Park of Commerce.
The mission-critical facility will soon house approximately 900 employees that facilitate the billing, scheduling and telemedicine services for the healthcare group.
The Cushman & Wakefield team was comprised of Matthew G. McAllister, Chris Metzger, Richard F. Etner Jr., and Christopher Thomson. Pete Sheridan of JLL represented the building’s owner, Prologis.
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