Ryan Shaw, Drew Kristol and Kirk Olson, investment specialists in Marcus & Millichap’s Miami office, represented the buyer, a private investor, in the transaction.
Patrick Nutt and William Wamble of SRS Capital Markets represented the seller in the transaction.
Native Realty represented both sides in a lease for the final available space.
Located at 1800 E. Hallandale Beach Blvd. on a 14-acre plot, the tower will offer 235,664 square feet of office space, 10,862 square feet of retail, and 885 parking spaces.
The first phase of the development will feature 180,000 square feet of creative office space in the East Building, along with 600 multifamily residential units. Additionally, experiential retail spaces will anchor the base of every building, encompassing approximately 80,000 square feet, with the total project size reaching over 800,000 square feet.
Native has more than tripled its number of brokers in the past year. The firm is actively interviewing senior commercial real estate brokers in Broward and Palm Beach counties.
She brings 20 years of real estate experience with a strong emphasis on South Florida’s retail market.
The property was acquired as part of Stiles’ recently announced acquisitions strategy, which targets value-add retail properties in Florida. A detailed renovation is scheduled to begin early 2025.
The property includes 58,446 square feet of rentable space across two buildings on 5.23 acres.
The highly anticipated 10-acre facility is set to redefine sports and leisure in the region.