Construction Commences For One Of Key West’s Largest Workforce Housing Projects In Over 50 Years
The project spans across nine waterfront acres.
non-advertiser
The project spans across nine waterfront acres.
The tenant now occupies the building’s first and second floor spanning over 95,000 square feet of office space, accounting for the majority of the building.
At $226 per square foot, the sale represents the highest price per square foot in Cypress Creek over the past decade.
Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda, along with Managing Director Alan Long, were the sole brokers on the transaction.
“With the vaccine gaining more traction each day, companies are feeling more confident about executing on their growth strategies,” said Azor. “We are now backfilling space vacated during the pandemic with tenants who are willing to make long-term commitments.”
The lease deal brings Building G at Davie Business Center, which totals 114,774 square feet, to 100% leased.
Real estate investor and motivational speaker Grant Cardone bought the office complex.
C&W’s Calum Weaver, Garrett Pordes, Robert Given, Zach Sackley and Troy Ballard of Cushman & Wakefield represented the seller, Finvarb Group, in the transaction.
JLL worked on behalf of the borrower, Sterling Organization, to secure the five-year, fixed-rate loan.
ShareMD paid $6.45 million in the off-market deal that closed May 21.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
