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The financing will fund construction for the new, Class A logistics facility in Davie, Florida on the 11.3-acre site formerly home to an events and catering space.
The portfolio was 93% occupied at the time of the sale by a diverse tenant mix across various industries.
Aztec Group’s Howard Taft sourced and structured the bridge financing for Elevate Apartments in Dania Beach.
Colliers’ Derek Baker, Gary A. Gottlieb, and Marc Fechter will lead leasing opportunities.
The building sold for $15.3 million.
The upcoming project will encompass 235,812 square feet of industrial space, boasting a 40-foot clear height, 46 dock doors, and designated parking for 203 vehicles and 76 trailers.
Patrick Nutt and William Wamble of SRS Capital Markets represented the seller in the transaction.
Native Realty represented both sides in a lease for the final available space.
Sedano’s Supermarkets hired Burke Construction Group, Inc. to build-out its Hialeah store in 2018 for a contact price of $2.6 million. The project ended in disagreements over the amounts owed under the contract and responsibility for 263 days of delays.
The new space will accommodate 45 lawyers and business professionals specializing in corporate law, taxation, wealth management, investigations, litigation, arbitration, international trade, and global migration.
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