Lee & Associates’ Greg Milopoulos And Christian Baena Close 2 Industrial Off-Market Deals
The deals total $12.5 million.
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The deals total $12.5 million.
CBRE’s John Criddle, Joe Freitas, and Max Pawk will lead local marketing and leasing efforts on behalf of the landlord.
Scott O’Donnell, Mike Ciadella, Greg Miller, Dominic Montazemi and Miguel Alcivar of Cushman & Wakefield represented the seller in the transaction.
The JLL brokerage team of Managing Director Peter Sheridan, Senior Associate Yuri Quispe, and Associate Peter Johnston, will spearhead leasing efforts.
Banco Master inked a 26,000-square-foot lease deal at 830 Brickell, bringing the office tower to 100% leased. It will become the tallest office tower ever built in Brickell, at 55 stories and 724 feet.
The deal brings Countyline Corporate Park Phase IV Building 33 to 67% pre-leased.
A private investor purchased the Class B property for more than $230 per square foot.
Seventy percent of funds will be allocated to industrial properties in Florida, the Carolinas, Tennessee and Georgia, and the remainder will be divided equally between Florida office and medical office buildings.
Colliers’ Executive Vice President Derek Baker represented the tenant in negotiating the deal. CBRE’s Joe Freitas, John Criddle and Max Pawk represented the landlord, Grover Corlew, in the lease negotiations.
A significant investment of approximately $12 million—contributed equally by the State, the City, and the Ritz-Carlton South Beach—is being dedicated to enhancing infrastructure, implementing art and landscaping, creating pedestrian-friendly streets to harmonize with the rest of Lincoln Road.
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