Vision Marine Technologies expects three pending Florida property sales to generate about $13.1 million in gross proceeds as the company consolidates operations around its Dania Beach and Fort Lauderdale waterfront platform.
The building, which dropped to a low of 62% leased during the pandemic, now stands at 97% occupied with a diversified tenant roster comprising 43 tenants in 15 distinct industries.
Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar structured this transaction “off market.”
Plans call for 2,874 residential units, including 200 townhomes, along with 400,000 square feet of retail, 125,000 square feet of Class A office space and a 185-room hotel.
The company is a fintech-driven commercial lending platform that provides customized financing solutions to small and medium-sized businesses across the United States.
The sales total nearly $16 million in value.
The six story, 127,033-square-foot facility, scheduled to open in 2027, is one of the health system’s first major new construction projects in almost 30 years.
The acquisition works out to about $156 per square foot for the 6.15-acre property.
The leasing activity was brokered on the tenant side by JLL. Ryan Goggins and Peter “PJ” Apol represented Sunbeam Properties & Development.
The two projects total 302,000 square feet across Fort Lauderdale and Deerfield Beach, with delivery expected in 2027.
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