PEBB, Banyan Announce 71,000-SF Retail Development
The frequent joint venture partners have a contract to acquire nearly 15 acres for the future construction of the Shoppes @ the Heart of Tradition.
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The frequent joint venture partners have a contract to acquire nearly 15 acres for the future construction of the Shoppes @ the Heart of Tradition.
The property is 100% leased to more than 40 tenants ranging from light industrial to athletic and recreational uses.
Transwestern secured a buyer within one week on the market.
The deal, which is under contract, would mark the largest office sale in Miami since at least 2019.
They will serve as Senior Vice Presidents in the Miami office, representing office tenants.
The planned project is the second of two distribution facilities in Duke Realty’s Miami 27 Business Park in Medley.
The property was sold to an affiliate of Banyan Street Capital.
In his new position, he is responsible for industrial acquisitions throughout the southeastern U.S. and will oversee leasing and marketing for Sunbeam’s existing South Florida portfolio, including the Miramar Park of Commerce.
The property consists of a 9-story office tower, a 2-story medical office building and a development pad.
The transactions include two retail and office buildings in South Miami.
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