Cushman & Wakefield Reps IP Capital Partners In Leasing Full Floor At One Datran Center
Cushman & Wakefield’s Jeannette Mendoza represented ownership, while Shay Pope of Stream Realty and Michael Phipps of CBRE represented the tenant.
Cushman & Wakefield’s Jeannette Mendoza represented ownership, while Shay Pope of Stream Realty and Michael Phipps of CBRE represented the tenant.
In addition to the office lease, the new tenant will also open a 5,916-square-foot ground-floor restaurant at the property.
Ocean Bank provided $28 million. Senior Vice President Jesus Garcia arranged the loan.
Newmark Senior Managing Director Jeremy Hakala and Managing Director Matt Himmelsbach are the listing agents for the project.
The litigation and appellate firm originally signed its lease in the tower in 1996 and is the building’s longest-running tenant.
The 6.6 acre property is positioned for a large-scale mixed-use development that also allows for the development of up to 6,602 residential units across residential, office, hotel, and retail.
The mixed-use tower is planned to total about 1.6 million square feet, with completion targeted for 2029.
Alex Zylberglait of Marcus & Millichap represented the seller, a private overseas group, and procured the buyer, a local private operator.
The lease transactions are valued at more than $56 million.
The deal represents a significant expansion from Terrabank’s previous 27,068-square-foot office on Coral Way.
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