Monarch Alternative Capital To Acquire 90 Percent Stake In A Downtown Miami Office Tower For $300 Million
The deal, which is under contract, would mark the largest office sale in Miami since at least 2019.
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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.
The lease deals are an indication that the South Florida retail market is bouncing back faster than expected from the dark days of the pandemic, according to the landlord.
The newly proposed mixed-use lifestyle project spans 31 acres.
Les Byron of Sperry Van Ness represented the tenant.
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