The property consists of a 9-story office tower, a 2-story medical office building and a development pad.
He will continue a career of pursuing investor leasing opportunities in downtown Fort Lauderdale and Broward County.
The lease brings the newly renovated, 29,500-square-foot Class A boutique office building to 100% occupancy with a variety of professional, medical and dental tenants.
Tricera Capital obtained $50.75 million in financing for the adaptive re-use project.
Recent renovation work includes a new lobby, café, conference center, outside seating/lounge area with new landscaping and installation of a Phenomenal Aire Series R Cold Plasma Generator which creates a plasma field within a HVAC system that naturally cleans passing air.
Anthony Librizzi and Tara England of Cushman & Wakefield represented the owners, Owens Realty Capital, in the lease negotiations.
The company is based in Fulton, Maryland.
Jason Hochman, Mike Ciadella and Ron Granite of Cushman & Wakefield’s Equity Debt and Structured Finance team secured the new long-term, non-recourse loan through BankUnited.
Tricera expects to deliver the Joseph’s space in mid-2022.
CBRE’s Kevin Probel, Kevin McCarthy and Will Portfolio will be marketing the property for lease.