Keith Kidwell, Les Byron, and Steve Davis of SVN | Commercial Realty represented the landlord and Patrick Conness of Conness Commercial Realty represented Sunbelt Rentals, Inc. in the transaction.
Adam Starr is PEBB’s new Vice President of Leasing, Senior Director while Florence Motavali joins as Vice President, Operations Controller.
The 23-story building will comprise 378 luxury rental apartments, 6,919 square feet of retail space and 1,706 square feet of offices.
Oasis Hallandale is also home to a commercial district with more than 59,000 square feet of retail and restaurant space, 35,000 square feet of office space and nearly 1,500 parking spaces.
The new joint venture adds 13 properties totaling ~299,000 square feet to Tricera Management’s portfolio.
The park was 80% occupied when Feldman Equities acquired the property about two years ago.
The transaction marks the largest office lease renewal completed in Broward County since 2019.
With over 35 years of experience, he has participated in all aspects of commercial real estate, including development, property management, brokerage, receivership, and banking.
The $244-per-square-foot transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
Before joining Colliers, he was a Managing Director at Savills, applying a multidisciplinary approach to serve various clients across industries, including legal, healthcare, financial services, architecture, engineering, and construction.
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