Trustone Advisors’ Jake Zebede, Joseph Linder Negotiate Sale Of Pompano Beach Warehouse
Trustone Advisors successfully negotiated the sale in an off-market transaction.
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Trustone Advisors successfully negotiated the sale in an off-market transaction.
Native Realty’s Jaime Sturgis and Sara Dorfman closed the property sale on behalf of the seller after just 21 days on the market.
The bank also inked a 13,000-square-foot lease at Related Companies’ 360 Rosemary office building in West Palm Beach.
Excel Construction transformed an empty shell into a first-generation workspace that includes 12,862 sq. ft. of office space, and 253,390 sq. ft. of warehouse/packaging space.
CBRE National Partners’ José Lobón, Trey Barry, Frank Fallon, and Royce Rose represented the seller, New York-based Lightstone in partnership with Mavik Capital, in the transaction.
Dalfen Industrial paid $25,294,000 for the property in July 2020.
In their new roles, they will primarily focus on debt and equity advisory across various property types, reinforcing the team’s expertise and regional presence.
The fully occupied property features a 25,000-square-foot building on a 2.1-acre lot.
Financing for the development includes a $32.2 million tax credit equity from Bank of America; a $9.1 million conventional first mortgage loan from Berkadia/Freddie Mac; a subordinate $6 million Surtax loan from Miami-Dade County; and the balance with developer equity.
Florida East Coast Realty (FECR) is offering commercial/office space for lease at the building ranging from approximately 19,000 square feet on the 16th floor to 52,000 square feet on the 17th floor, with a contiguous block of ±72,000 square feet still available.
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