NUC University Florida Technical College Consolidates, Renews Lease At SouthPlace City Center Amidst Major Redevelopment
The college will consolidate its operations into a new 30,000-square-foot facility within the reimagined mixed-use development.
The college will consolidate its operations into a new 30,000-square-foot facility within the reimagined mixed-use development.
C. Todd Everett arranged the sale on behalf of both the buyer and seller.
The sale price breaks down to approximately $417 per square foot.
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Newmark’s Co-Presidents of Global Debt & Structured Finance Jordan Roeschlaub and Jonathan Firestone, Vice Chairman Nick Scribani, and Director Chris Lozinak secured the financing from Barings.
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The 4,502-square-foot live-work, loft-style industrial building—located at 437 NW 1st Avenue—was sold by the Charles L. Peet Revocable Trust.
The transaction was facilitated by Chris Gallagher of Blanca Commercial Real Estate, who represented the landlord in the deal. Marshall Chandler and Gus Martinez of CMV Commercial / The Martinez Team represented Century Cruise Line in securing their new South Florida office.
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The project is nearing completion, with the West Tower fully topped out and slated for delivery at the end of 2025 and the newly launched East Tower targeting completion in 2027.
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