Franklin Street Merges With Boutique Firm In South Florida
The boutique firm was founded in 2016.
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The boutique firm was founded in 2016.
Alex Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller.
The 10-story building is considered one of the premier office properties in Boca Raton.
The 18-story tower was repositioned from a Class B to a Class A asset and is currently 61% leased.
The project will have a total cost of $25.4 million, consisting of a pair of five-story apartment buildings spread between 3.5 acres of land on the border of Miami-Dade and Broward County.
The renowned international soccer program, which is affiliated with the prominent Italian professional club Juventus F.C., is set to open a nearly one-acre facility within the third phase of Atlantic Village.
The property consists of one recently developed rear-load 32-foot clear industrial distribution building containing approximately 221,000 square feet on 11.4 acres.
The 240,669-square-foot building was 95% leased at the time of the sale.
The asset was completed in Q2 2020 and is approximately 98 percent leased.
Berkadia arranged $14.1 million in acquisition financing on behalf of Foundry Commercial for the acquisition.
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