For over four decades, he has actively excelled in the commercial real estate industry, gaining knowledge and expertise across retail, office, medical leasing, land assemblage, acquisitions/dispositions, and development.
The project, called The District in Davie, is expected to cost approximately $1 billion.
Memorial Healthcare System paid $49 million for the property with plans to redevelop the property into “a wellness hub.”
“The market is a shifting from a Seller’s market to a market-in-equilibrium and depending on future interest rate increases, it could shift to a Buyer’s market,” commented Osborne. “Demand is high for all asset classes and certain property types that are harder to locate and in demand and are trading quickly at top values like the 1771 S State Road 7 property.”
The gas station will be the first in Plantation on the south side of busy Broward Boulevard between Flamingo Road and U.S. 441.
Six building structures were cleared to accommodate the new 45-story, twin tower mixed-use project.
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
The new location is set to open later this year.
Maus & Hoffman is relocating from the Las Olas Boulevard area due to expansion needs and the sale of its prior location.
“The stabilized multi-tenant retail/office property with a national retailer occupying majority of building provided a perfect investment opportunity for the buyer.”