non-advertiser
Colliers Executive Vice President Michael Falk and Associate Jonathan Temple represented the landlords, JBL Asset Management and Avenue Property Group, and the tenant, Heritage Flooring, in the deal.
Senior Managing Director Charles Foschini, Managing Director Christopher Apone, and Associate Director Shannon Wilson of Berkadia Miami secured the financing on behalf of the sponsor Neology Development, an award-winning, lifestyle-driven real estate firm led by Lissette Calderon.
Joseph Gallaher and Jeremy S. Larkin of NAI Miami | Fort Lauderdale represented the buyer in the transaction.
The two-building portfolio was fully leased at the time of sale.
The leases total more than 8,000 square feet.
The real estate investment firm also promoted a key team member to Vice President, Investments.
The facility was sold by Elion Partners and acquired by Link Logistics.
Roughly 50 percent of the retail space is pre-leased.
Buccan is known for its inventive American cuisine and nominated for the prestigious James Beard Award.
The 33-story bayfront tower is more than 90% occupied.
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