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Berkadia Miami’s Brad Williamson, Scott Wadler and Michael Basinski, along with Mitch Sinberg, Matt Robbins, and Jacob Kelly, secured the financing on behalf of RIVANI. BridgeInvest provided the loan.
The parcel offers more than 1,000 feet of frontage along Florida’s Turnpike.
The site was acquired from Two Roads Development and Newgard Development Group.
The sale is one of the largest condominium-to-multifamily rental conversions in Florida.
The milestone follows the final 76,605-square-foot lease to Vision Aerospace, an FAA- and EASA-certified Part 145 repair station, bringing the project to 100% occupancy on behalf of the owner, Link Logistics.
Upon completion of the MOB, NAI Miami | Fort Lauderdale will serve as the exclusive leasing representative.
The campus contains roughly 338,000 square feet of industrial and office space across approximately 10 buildings. The transaction equates to approximately $293 per square foot.
The acquisition includes the iconic five-story, 35,455-square-foot landmark building located at 100 NE 1st Avenue, as well as an adjacent 15,000-square-foot vacant lot.
The retail strip totals 30,250 square feet on a 3.74-acre lot.
The national construction firm will occupy the top floor of the four-story building.
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