Miramar Park Of Commerce Inks 193,000 SF In Healthcare Tenant Expansions And Renewals
The newest flurry of leasing activity has reduced the Park’s flex office vacancy rate by six percentage points, to 4% overall. As a whole, the Park is 98% leased.
The newest flurry of leasing activity has reduced the Park’s flex office vacancy rate by six percentage points, to 4% overall. As a whole, the Park is 98% leased.
The project will deliver more than 850 residential units across three towers, Class AA office space with an industrial character with modern conveniences, more than 80,000 square feet of food, shopping, entertainment, art studios, and galleries, and a 1,200-space commercial parking structure. FAT Village aims to become a lifestyle hub for creatives to live, work, eat, and relax.
The $353-per-square-foot transaction far surpassed the current $225-per-square-foot market average for office investment sales.
Osborne and his team are laser focused on clients’ needs and helping them achieve their goals.
Stream Executive Managing Director Greg Katz and Senior Vice President Carlyle Coffin facilitated the transaction on behalf of the tenant. Tim Talbot and Andy Ackerman of Comreal represented the building owner, DWS.
As Fort Lauderdale faces a scarcity of available commercial investment properties, savvy investors are redirecting their focus towards well-located assets in surrounding submarkets, particularly Oakland Park.
Alex Sacks, Andrew Margulies, Frank Roti, Brett Rodgers and Harrison Creason, investment advisors at Marcus & Millichap, had the exclusive listing to market the property on behalf of the seller, a private limited liability company. Ryan Nee, Broker of Record in Florida, assisted in closing the transaction.
The 11-story Class B office building is situated on 2.3 acres, with a strong history of high occupancy with long term tenants.
In this new role, he will serve as team leader for Native’s commercial agents and provide training, mentorship and any guidance the agents need to be successful.
Upon completion, phase 1 will contain 601 multifamily units; approximately 180,000 square feet of creative office space in Hines’ proprietary, heavy timber T3 (Timber, Transit, Technology) building; and more than 70,000 square feet of retail.
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