$500M Industrial Fund Closes; Brings Black Salmon’s Investment Fund Total To 3/4 Of A Billion Dollars
The industrial fund intends to identify and make investments over the next 24 months with various operating partners.
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The industrial fund intends to identify and make investments over the next 24 months with various operating partners.
Greg Matus, Adam J. Tiktin, Jonathan de Maa, and Alex Lazo of Franklin Street’s Florida Investment Sales Team represented the buyer in this transaction.
New Associate Adam Docktor specializes in retail leasing and investment sales in emerging markets.
NAI/Merin Hunter Codman, Inc. Chairman Neil E. Merin, SIOR, CCIM and Managing Director Adam Starr finalized the lease transaction.
Before joining Colliers, she was Senior Vice President at CBRE, where she focused on leasing and development management for many of South Florida’s premier office properties.
Avison Young Principals John K. Crotty, CCIM; David Duckworth; Michael T. Fay, who is also Managing Director of the firm’s Miami operations; and Vice President Brian C. de la Fé represented Alton Road Invest, LLC, during the disposition
Publix Super Markets, Inc. acquired the center.
South Florida-based Two Roads Development acquired the 3.5-acre prime waterfront site with plans for an ultra-luxury branded residential property.
The growing company has offices in more than 20 countries, with plans to expand and hire 1,100 new employees worldwide with nearly half of its new workforce to be based in Miami.
Gridline Properties represented both sides of the off-market transaction, marking one of the highest price-per-square-foot industrial trades in Palm Beach County.
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