Developer Announces Construction Plans For New Office Campus In Sunrise
The future office space is projected to be completed in 2023 and will be able to accommodate a large variety of clientele with single tenant potential.
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The future office space is projected to be completed in 2023 and will be able to accommodate a large variety of clientele with single tenant potential.
The Castle Beach Club site represents the rare opportunity for developers to build a project that would re-shape the Miami Beach Skyline.
In addition, Berkadia lined up a $280.3 million loan for the acquisition.
JLL marketed the property on behalf of the seller, KDD Enterprises Inc., which has owned the property since it was developed in 1995.
New York-based DRA Advisors bought the 1.7 million-square-foot office park
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.
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