Blanca CRE Secures Long-Term 42,000 SF Lease Renewal At Aventura Corporate Center
Christina Jolley of Blanca CRE represented the landlord in this lease renewal, while Adam Bernstein and Zach Wendelin of JLL represented the tenant.
Christina Jolley of Blanca CRE represented the landlord in this lease renewal, while Adam Bernstein and Zach Wendelin of JLL represented the tenant.
Here are the most popular news headlines this past week on CRE-sources.
Lone Star Funds announced that an affiliate of Lone Star Real Estate Fund VII, L.P., along with an affiliate of Highline Real Estate Capital LLC and Square2 Capital LLC, acquired the asset, marking the most significant office acquisition in Broward County in the past decade.
The deal marks the first time in nearly a decade that a Fort Lauderdale office building has sold for over $200 million.
The approved site plan encompasses over 405,000 square feet of office space in two buildings, four new retail and restaurant outparcel buildings totaling nearly 43,000 square feet, a nearly 37,000-square-foot luxury fitness facility and 500 multifamily units.
The office is set to open on March 5.
Christopher Dubberly and Jacob Sanchez with CBRE’s South Florida Healthcare team in Fort Lauderdale are leasing the property on behalf of the owner and manager, CoreGro.
Here are the most popular news headlines this past week on CRE-sources.
“We are laser focused on delivering strong results and maximizing value for our owners, and these awards reflect the dedication and effort our Miami teams invest in their properties,” said Chris Rotolo, president of Stiles Property Management.
The property is currently 100% occupied and has historically operated at full occupancy during Urban Street Development’s ownership.
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