Scott Sandelin, an investment specialist in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a partnership between MMG Equity Partners, Mouhalis Capital Management, and GW Properties. Sandelin also procured the buyer.
The groundbreaking venue, blending the worlds of automotive elegance and gourmet dining, is set to open its doors between late 2024 and early 2025.
He will be responsible for the firm’s Miami, Fort Lauderdale, Boca Raton, and West Palm Beach markets and oversee more than 450 professionals across the South Florida region.
The company currently has 16 locations in Canada signed last year to bring 20 locations to Washington state.
The joint venture is planning a significant project following a $48.5 million acquisition in the city’s waterfront Harbordale neighborhood.
Previously to joining the firm, he served as Vice President at CBRE, where he advised owners of commercial retail and office properties, overseeing transactions ranging from $2 million to $40 million in value.
The leases total more than 8,000 square feet.
The 55,000-square-foot automotive retail property was formerly occupied by the MINI franchise, which relocated to the new Lauderdale BMW dealership located 7 blocks north.
The company will move its headquarters from Sunrise to Davie.
Construction has already begun in Coral Springs at the Pine Ridge Square shopping center. Additional storefronts in Broward and Palm Beach Counties are also planned.