Aztec Group Arranges $21.7 Million In Debt Financing For Mixed-Use Project In Miami
The project consists of 90 rental apartments and 9,642 square feet of ground floor retail.
The project consists of 90 rental apartments and 9,642 square feet of ground floor retail.
The lease and sale transactions total over 80,920 square feet.
Echelon Fitness is set to occupy 10,035 square feet.
This site is composed of a 5,206-square-foot single tenant retail building sitting on a 46,494-square-foot lot.
Paco Diaz with CBRE represented Plum Market in the lease.
M&M’s Drew A. Kristol and Kirk D. Olson had the exclusive listing to market the portfolio on behalf of the seller, a private Miami Beach-based ownership group. Olson and Kristol also procured the buyer, a private investment group based in Brooklyn, New York.
Slated to open at the end of summer 2022, guests will enter the genuine prohibition-era themed experience after securing a secret code and dialing it into a restored antique London-style red phone booth at the entrance.
The TOBY Awards are the most prestigious and coveted awards of their kind in the commercial real estate industry. The awards recognize superiority in office and industrial buildings and reward excellence in building management.
The 17,325-square-foot site sold for $1.88 million to a company that plans to construct a new corporate headquarters and sales center at the site.
Jonathan De La Rosa and Eduardo Toledo, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property.
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