Tenant Extends 13,350 SF Lease At 701 Brickell
Colliers Vice Chair Stephen Rutchik represented the long-term tenant in the lease renewal. Cushman & Wakefield’s Brian Gale, Andrew Trench, Ryan Holtzman, and Edward Quinon represented the landlord.
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Colliers Vice Chair Stephen Rutchik represented the long-term tenant in the lease renewal. Cushman & Wakefield’s Brian Gale, Andrew Trench, Ryan Holtzman, and Edward Quinon represented the landlord.
The purchase price translates to $230 per square foot.
The project is slated for delivery in October 2024.
JLL Capital Markets arranged the financing for the 210,000-square-foot portfolio.
The bankruptcy petition estimates the Hollywood warehouse’s value at $3 million and the Dania Beach condos at $850,000.
Building 39 of Terreno Realty Corporation’s Countyline Corporate Park, which is 100% leased to one tenant, is a 178,000-square-foot, 36-foot clear height industrial distribution building on 10.9 acres with 58 dock-high and two grade-level loading positions and parking for 156 cars.
IPA’s Kirk Olson and Drew A. Kristol represented the seller and procured the buyer.
The 347,740-square-foot grocery-anchored retail center is situated on over 18 acres and boasts an impressive leasing rate of 98.3%.
Chris Spear of ComReal represented the buyer in the transaction, while Sky Groden of JLL represented Stonemont.
The leases total more than 11,500 square feet.
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