Institutional Property Advisors Brokers Miami-Dade Industrial Asset Sale
The asset traded for $21.5 million.
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The asset traded for $21.5 million.
UHealth will occupy 11,243 square feet, which will include comprehensive eye care from Bascom Palmer Eye Institute, and physical therapy services, such as hand therapy and pelvic floor rehabilitation.
Krasnow will be based in the firm’s Boca Raton office and specialize in providing advisory services for local public sector entities and higher education institutions.
JLL’s Seniors Housing Capital Markets team procured the buyer, AEW Capital Management, and secured the three-year acquisition loan through Capital One Bank on behalf of the buyer.
The final sale price doubled the initial stalking horse bid, resulting in a significant victory on behalf of the victims.
Codina Partners previously co-owned Tower One with Invesco, while solely owning Tower Two.
The transaction marks the highest value attributed to a freestanding restaurant property in Florida’s history, showcasing the demand for irreplaceable assets in Miami’s exclusive South of Fifth neighborhood.
Joseph Hamam joins First State Bank with an extensive track record of success in commercial lending in the South Florida area helping businesses of all sizes secure the financing they need to grow and thrive.
Currently starting at just over $10 million, over 75% of residences are already sold.
The 72,866-square-foot industrial property, strategically situated in South Florida’s thriving industrial market, presents a significant opportunity for Longpoint Partners to expand its portfolio in the region.
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