JLL Adds Two CBRE Vets As Senior Managing Directors To Support Growth Of Palm Beach Office Market
Both join JLL from CBRE where they spent the last six years.
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Both join JLL from CBRE where they spent the last six years.
The off-market transaction was an all-cash purchase.
The four-building development is expected to break ground this September.
Sansone Group’s Jeff Greenwalt, Pete Crane, and Hai Cao were essential to the deal’s execution.
The construction of the project has commenced with an estimated completion in December 2024.
The lease was facilitated by NAI Miami | Fort Lauderdale’s, Edward Schmidt, SIOR, CCIM,; Gabriel Garcia-Menocal, SIOR,; and Lucia Custer; alongside Solaris Real Group.
The JV partners expect to see strong demand for office space in Coral Gables in the coming months and years, as leases in more expensive office submarkets begin to expire.
The buyers own Total Research Group (TRG), which performs high-quality clinical trials that lead to the development of lifesaving medical advances.
Hialeah has seen an industrial boom in recent years with 30 million square feet of warehouses and manufacturing plants boasting a vacancy rate of only 1.7 percent, which ranks the lowest amongst the Miami-area submarkets.
Wells Fargo now occupies two floors totaling approximately 45,000 square feet at Tricera’s 1675 Midtown office building following a 19,000-square-foot lease expansion.
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