Fully-Leased Industrial Building Trades For $30M In Off-Market Deal
Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda, along with Managing Director Alan Long, were the sole brokers on the transaction.
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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.
The 155,508-square-foot industrial asset sold for $17 million.
The closing represents the last of three strategically planned majority skilled nursing property sales in Florida by Healthcare Trust, Inc.
Colliers’ Mitash Kripalani, Director of Investment Services, represented the seller in the transaction.
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