Berkadia Secures $92 Million Construction Loan For Grover Corlew’s New Multifamily Property In Fort Lauderdale
Grover Corlew anticipates immediately breaking ground with completion expected by May 2027.
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Grover Corlew anticipates immediately breaking ground with completion expected by May 2027.
The transaction marks the first time in over 25 years that the 78,000-square-foot retail center has changed hands.
JLL Capital Markets led the sales efforts for the 371,000-square-foot light industrial portfolio adjacent to Miami International Airport.
Newmark’s Co-Presidents of Global Debt & Structured Finance Jordan Roeschlaub and Jonathan Firestone, Vice Chairman Nick Scribani, and Director Chris Lozinak secured the financing from Barings.
Corebridge acquired the property from Longpoint Partners for $43.5 million.
Based in Fort Lauderdale, he will focus on both retail tenant and landlord representation, drawing from nearly a decade of experience in retail brokerage and leasing across Florida.
The transaction was facilitated by Chris Gallagher of Blanca Commercial Real Estate, who represented the landlord in the deal. Marshall Chandler and Gus Martinez of CMV Commercial / The Martinez Team represented Century Cruise Line in securing their new South Florida office.
The portfolio totals more than 221,000 square feet.
The pair has executed successful flagship concepts for major brands throughout South Florida, including Supreme, Fendi, Alain Ducasse and Zara.
She will focus on guiding capital improvement projects for condominium communities across the region.
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