New Waterfront Office Building Starts Construction, Signs NYC Tenant
The restaurant will occupy nearly 17,000 square feet.
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The restaurant will occupy nearly 17,000 square feet.
With these acquisitions, El Car Wash now operates 65 locations with more than 300,000 active members and has over 60 additional sites in development across Florida and Michigan.
Christina Jolley of Blanca CRE represented the landlord in this lease renewal, while Adam Bernstein and Zach Wendelin of JLL represented the tenant.
Lone Star Funds announced that an affiliate of Lone Star Real Estate Fund VII, L.P., along with an affiliate of Highline Real Estate Capital LLC and Square2 Capital LLC, acquired the asset, marking the most significant office acquisition in Broward County in the past decade.
The deal marks the first time in nearly a decade that a Fort Lauderdale office building has sold for over $200 million.
The 47-acre transit-oriented community marks the largest public-private partnership in Miami-Dade County history.
The approved site plan encompasses over 405,000 square feet of office space in two buildings, four new retail and restaurant outparcel buildings totaling nearly 43,000 square feet, a nearly 37,000-square-foot luxury fitness facility and 500 multifamily units.
The office is set to open on March 5.
Spanning more than 698,000 total square feet, Rainbow Village will include 310 affordable housing units, almost 12,000 square feet of retail, more than 50,000 square feet of amenity space, and 442 parking spaces.
Christopher Dubberly and Jacob Sanchez with CBRE’s South Florida Healthcare team in Fort Lauderdale are leasing the property on behalf of the owner and manager, CoreGro.
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