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SRS Capital Markets Executive Vice President & Market Leader Patrick Nutt and Senior Vice President William Wamble who are based in Fort Lauderdale and Tampa, represented the seller in the transaction.
The asset last traded in November 2023 for $48 million.
The e-commerce fulfillment center secured a 124,000-square-foot warehouse and office facility.
The land has entitlements for a 49-story building with 381 residential units, 8,256 square feet of commercial space and 426 parking spaces.
Completion is estimated for Q2 2024.
Robert Klecinsky of Cushman & Wakefield represented both Versace and the landlord, 237-243 Worth Avenue Corporation, in the lease negotiations.
The marina is the latest addition to the Integra Marinas portfolio, marking the company’s 10th marina acquisition to date and its seventh active marina alongside partner BLG Capital Advisors and other private investors.
Drawing from the rich history and heritage of the Shelborne South Beach, the Development Team is committed to preserving the Hotel’s 1940 Art Deco distinction and authentic charm, while modernizing the Hotel.
The destination, slated for completion in 2026, is set to deliver the first major mixed-use and true pedestrian-friendly city center to Hallandale Beach.
Shalimar at Plantation is part of the Plantation Midtown Master Plan and included within Plantation Midtown Square development, a 25-acre site that will ultimately deliver 480 luxury apartments, 86 townhomes, a three-story parking garage, and 10,000 square feet of retail space on the former American Express property.
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