Citigroup Center Signs 46,000 SF Of Lease Agreements
JLL’s Steven Hurwitz, Doug Okun and Madeline Fine led easing efforts.
JLL’s Steven Hurwitz, Doug Okun and Madeline Fine led easing efforts.
The deals total 13,252 square feet.
Banco Master inked a 26,000-square-foot lease deal at 830 Brickell, bringing the office tower to 100% leased. It will become the tallest office tower ever built in Brickell, at 55 stories and 724 feet.
Seventy percent of funds will be allocated to industrial properties in Florida, the Carolinas, Tennessee and Georgia, and the remainder will be divided equally between Florida office and medical office buildings.
The permanent financing provided by City National Bank paid off a bridge loan that Easton used to acquire the Offices at Doral Square for $28.5 million in December 2023.
As a result of this successful transaction, the team has been designated as the sales broker to market three additional office buildings and one retail building in the immediate area.
The property includes 45,770 square feet of office space, 11,255 square feet of ground-floor retail, and a 40,000 square-foot parking garage, all contributing to a steady income.
Located at Ponce de Leon Boulevard and Bird Road in Coral Gables, 4000 Ponce features 150,000 square feet of Class A office space and 32,000 square feet of prime ground-floor retail. The building is more than 90% leased.
He will work closely with Lee & Associates South Florida Principal Bert Checa, who heads up the firm’s Office Landlord Agency and Tenant Representation team.
The JV will expand their portfolio with the development of five Class A medical office buildings in Florida.
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