Design District Office-Retail Asset Trades For $72.5 Million
The transaction was brokered by Devlin Marinoff and Tony Arellano of Dwntwn Realty Advisors.
The transaction was brokered by Devlin Marinoff and Tony Arellano of Dwntwn Realty Advisors.
According to the Miami-Dade Beacon Council, the new headquarters is expected to support an additional 1,500 jobs over the next three years and generate roughly $300 million in recurring annual economic impact across the county.
Colliers’ Vice Chair Stephen Rutchik and Vice President Tom Farmer represented ownership in the transactions.
To support its continued growth, Native is actively interviewing senior commercial real estate brokers to meet rising demand from its expanding client base.
These additions mark a significant milestone for Nora, expanding the district beyond retail and dining into a hub for businesses, influencing the future of West Palm Beach’s economic landscape.
In addition to his role as NAIOP South Florida President, Corlew has served on NAIOP boards at both the regional and national levels and remains actively involved in industry conferences and community development initiatives.
C&W’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar, along with Cushman & Wakefield Healthcare Capital Markets advisors Gino Lollio and Travis Ives, represented ShareMD in the sale of the two properties.
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The property had previously been listed with another brokerage for approximately one year without a sale. After repositioning and repricing the asset, Axis Realty Advisors successfully secured a buyer and closed the transaction.
Colliers’ Jake Freeman and Maggie Guajardo Kurtz will lead office leasing efforts, while Jonathan Carter and Ryan Brodsky will head up retail leasing across both properties.
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