Osborne has represented The Strachman Family as trust advisor over the last 20+ years and, in the last 5 years, helped in repositioning its portfolio of management-intense multi-tenant retail properties. The family is repositioning its portfolio for the future.
Having opened three new locations earlier this year, the fitness innovator plans to occupy its new space by November of this year and add another 5 locations within the next 12 months.
Osborne believes strongly that any automotive property in a prime location with legal conforming zoning and an active dealer and repair license will only increase in long term value. He has multiple clients that are always looking for automotive related properties in prime location in the tri-county area.
Marcus & Millichap’s First Vice President Investments Ryan Shaw, along with Quinn Sousa, had the exclusive listing to bring the generational assets to market for the first time.
As the largest design campus of its kind, DCOTA showcases more than 775,000 square feet and is home to more than 35 luxury interior and design showrooms.
Klein and Gerberg represented the buyer, Brickbox Management LLC, in the transaction.
JLL Capital Markets closed the sale and secured the equity for the 793-unit Modera Academical Village.
The 71,307 square foot property features prominent frontage on South Federal Highway in the heart of Fort Lauderdale.
“This sale continues the trend of the purchase of land or buildings on Federal Highway and Sunrise Boulevard for redevelopment spreading north from downtown and The Flagler Village area,” commented Hyatt.
Quickly rising interest rates accelerated the loan closing as the lender was only willing to hold a very favorable rate for a short period of time. The loan also included additional funding for the development of a vacant outparcel located on the site.