DWNTWN Realty Advisors Closes $11.6 Million Sale Of Miami Multifamily Portfolio
Skyler Marinoff represented both the buyer and seller in the off-market transaction.
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Skyler Marinoff represented both the buyer and seller in the off-market transaction.
The real estate investment management group purchased the 109,497-square-foot building for $44.6 million.
Canopî will feature a variety of restaurant and entertainment concepts and a mix of retail and creative offices.
Drew A. Kristol and Kirk D. Olson, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, an affiliate of Lombardi Properties and Bayshore Investment Partners.
Larry Dinner of CBRE is the leasing representative for IDI Logistics for the new building.
Steven Hurwitz, managing director with JLL, represented the landlord partnership in the transactions.
The boutique firm was founded in 2016.
Alex Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller.
The 10-story building is considered one of the premier office properties in Boca Raton.
The 18-story tower was repositioned from a Class B to a Class A asset and is currently 61% leased.
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