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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.
Anthony Librizzi and Tara England of Cushman & Wakefield represented the landlord, Colonnade Properties, in the lease negotiations.
Echelon Fitness is set to occupy 10,035 square feet.
The asset consists of 75,406 square feet of upscale retail and 45,068 square feet of office space.
The sale price equates to $221,250 per unit.
Lee & Associates South Florida President Matthew Rotolante and Vice President Conner Milford represented tenants in the deals.
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