The development is planned to include thousands of affordable and workforce housing units, several hundred thousand square feet of retail and office uses, and medical and institutional uses, with an economic impact in the billions of dollars.
He brings more than two decades of institutional experience across leasing, investment and advisory services, having overseen over $4 billion in transactions involving more than 7 million square feet of office assets across Florida’s major markets.
The prime Coconut Grove asset traded for $61 million, achieving a record-breaking price of more than $1,100 per square foot.
RFR acquired the tower and an adjacent parking garage in 2022 for $81.1 million.
The transaction was brokered by Devlin Marinoff and Tony Arellano of Dwntwn Realty Advisors.
According to the Miami-Dade Beacon Council, the new headquarters is expected to support an additional 1,500 jobs over the next three years and generate roughly $300 million in recurring annual economic impact across the county.
Colliers’ Vice Chair Stephen Rutchik and Vice President Tom Farmer represented ownership in the transactions.
The property had previously been listed with another brokerage for approximately one year without a sale. After repositioning and repricing the asset, Axis Realty Advisors successfully secured a buyer and closed the transaction.
Colliers’ Jake Freeman and Maggie Guajardo Kurtz will lead office leasing efforts, while Jonathan Carter and Ryan Brodsky will head up retail leasing across both properties.
With nearly four decades of experience across commercial real estate, healthcare advisory, and corporate leadership, he will play a key role in advancing Blanca CRE’s healthcare tenant advisory services while supporting select landlord assignments.