CBRE Executive Vice President Gordon Messinger represented MAS^AJP, the owner and developer, in lease negotiations.
Healthcare real estate is often referred to as recession proof, and as many industries reduce their commercial footprint, medical groups and physicians are betting big.
The medical office building is leased long-term to the University of Miami (UM) Hospital.
The property, which was 100% occupied, closed on May 12 for $11 million.
Seneca Town Center is anticipated to be one of the first of many major redevelopment projects throughout the Town of Pembroke Park.
Paul Ahmed and Mackenzie Lampman with CBRE Capital Markets worked on behalf of the borrower, a private investor, to arrange a seven-year, fixed-rate loan from Bank United.
The seller achieved 25% asset appreciation in 14 months with a strategic value-add plan.
The lease brings Miami’s MedSquare Place to full occupancy prior to delivery.
Gordon Messinger, Executive Vice President with CBRE, represented the landlord and developer in the transaction.
The ultramodern Chamberlain University campus in Miramar will include over 56,000 square feet of space to house lecture-style classrooms, science labs, and simulation care centers, along with an admissions center, faculty offices, and student amenities, such as study areas and lounges.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.
If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.