BOMA, the Building Owner’s and Manager’s Association of Ft. Lauderdale and the Palm Beaches, held its annual TOBY (The Outstanding Building of the Year) gala on Friday, November 11, to award top performers in building management and operations.
Seasoned real estate veteran Scott Sherman has officially launched Torose Equities, a Miami-based real estate investment firm with a value-add urban retail, office and mixed-use strategy targeting the Southeastern United States.
Douglas Mandel, along with Tyler S. Kuhlman and Zachary Levine of Marcus & Millichap, represented the seller in the transaction.
The entire 61,451-square-foot building is currently being marketed for lease by Colliers, offering any combination of the four ±16,000-square-foot floorplates.
Jason Hochman and Ron Granite of Cushman & Wakefield’s Equity, Debt & Structured Finance team secured the loan through Ameris Bank.
Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing.
The lease allows Tricera to seamlessly backfill space to be vacated by Comerica Bank, which is moving out of 1675 Midtown when its lease expires in June 2023.
Tricera is scheduled to deliver possession to its tenants by Q4 2022.
Colliers Executive Director Robert Listokin brokered the lease on behalf of the tenant FirstService Residential.
Tenant delivery is anticipated to begin in the first-quarter 2024.
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