Native Realty Closes Six New CRE Sales Across Broward County
The sales total nearly $16 million in value.
The sales total nearly $16 million in value.
In addition to the office lease, the new tenant will also open a 5,916-square-foot ground-floor restaurant at the property.
Ocean Bank provided $28 million. Senior Vice President Jesus Garcia arranged the loan.
Cleveland Clinic will be the facility’s anchor tenant, occupying the entire 34,000-square-foot first floor.
Read on for the most popular news headlines this past week on CRE-sources.
The 36,041-square-foot facility is currently 63.4% leased, with 88% of the occupied space dedicated to healthcare users.
Newmark Senior Managing Director Jeremy Hakala and Managing Director Matt Himmelsbach are the listing agents for the project.
The transaction marks the first partnership between the two firms.
The six story, 127,033-square-foot facility, scheduled to open in 2027, is one of the health system’s first major new construction projects in almost 30 years.
Read on for the most popular news headlines this past week on CRE-sources.
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