Foundry Commercial Breaks Ground On 983,000 SF Spec Industrial Project
The project is expected to deliver in late 2023.
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The project is expected to deliver in late 2023.
Benjamin H. Silver with CBRE will lead the marketing efforts on behalf of ownership.
The project consists of 188 rental apartments and 45,000 square feet of office space and retail space.
The building currently has 81,600 square feet of space available.
In the less than 24 hours since Bloomberg first reported the listing, investors from the U.S., Latin America, Europe, the United Arab Emirates and Canada have already expressed interest in acquiring the site.
Travis Herring and Katherine Ridgway represented the property owner in the negotiations.
The company is now occupying the entire 17th floor of the 1101 Brickell office property.
The park was fully leased at the time of sale to 46 tenants.
Jonathan De La Rosa and Matthew Albregts, investment specialists in Marcus & Millichap’s Miami office, represented the buyer, Westar at Palm Plaza, a limited liability company.
The properties offer premium positioning across the street from FIU’s main campus.
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