NAI Miami | Fort Lauderdale Negotiates $30 Million Office Sale In Miami
The property sits on approximately 7.41 acres and is currently configured as a single-tenant office building.
The property sits on approximately 7.41 acres and is currently configured as a single-tenant office building.
Read on for the most popular news headlines this past week on CRE-sources.
The newly acquired assemblage spans multiple properties along North Andrews Avenue, totaling more than 20,000 square feet of existing commercial space.
Senior Vice Presidents Juan Mendiola and Federico Tunnerman arranged the loan for Ocean Bank.
The mixed-use building is now fully leased.
Originally acquired in 2021, the campus was repositioned through a multi-year strategy to concentrate tenancy, enhance the office assets and unlock a portion of the site for residential development, enabling two distinct paths for value creation.
The asset was 84.1% leased at the time of the transaction.
Read on for the most popular news headlines this past week on CRE-sources.
The 8-story tower features 25,000-square-foot floorplates, a 10,000-square-foot fine-dining restaurant, and an exclusive tenant-only rooftop patio.
The office expansion follows the company’s launch of a commercial real estate investment fund targeting $100 million to acquire and develop early childhood education properties nationwide.
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