Law Firm Pays $273 PSF For Miami Lakes Office Complex
Alexander Bernaldo, SIOR, President of Americas Commercial Real Estate, and Rene Vivo, SIOR, CEO of Vivo Real Estate Group, negotiated the transaction.
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Alexander Bernaldo, SIOR, President of Americas Commercial Real Estate, and Rene Vivo, SIOR, CEO of Vivo Real Estate Group, negotiated the transaction.
With over 16 years of experience in the real estate industry and a track-record as a top producer, he has negotiated more than seven million square feet of leased office space for clients that span over 1,000 transactions, which involved strategic real estate planning, workplace strategy, financial consulting and transaction management.
With Togal.AI’s award-winning technology, Coastal Construction teams cut nearly 14,000 hours of work, saving close to $1 million in their first year using it.
The 21,890-square-foot building is located in Westport Corporate Park.
All three properties were fully leased at the time of sale and were previously owned by one private investor who sold each property to a different buyer.
The development property consists of office, multifamily and retail elements.
The building features 10,000 square feet of restaurant and retail space on the ground floor, five parking levels and five floors of luxury offices. The condo units run from 1,097 – 6,618 square feet, with 57 units available.
Landy Toledo sourced the seller of the off market site, as well as the buyer, a private investor.
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
Colliers South Florida represented the landlord, Nuveen Real Estate, in the lease transactions.
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