The company is aggressively seeking prospective Pink Bird sites on Florida’s east coast, from Broward to Brevard counties, with minimum dimensions of 150 x 200 feet, in high traffic locations with left-in access and strong retail co-tenancy.
The Mary Brickell Village location will be the restaurant’s ninth location.
CREC Capital’s co-founders Alan Esquenazi and Warren Weiser facilitated the sale. Danny Finkle and Eric Williams from JLL represented the buyer, an entity controlled by Wharton Realty Group, in the transaction.
The current zoning for the 0.69-acre site permits high-density development, including residential, commercial/retail, lodging, civic and civil support.
Mast Capital submitted site plans for a master-development totaling 2.6 million square feet.
“Having achieved 90 percent lease-up prior to breaking ground, this center shows the continued strength of large format brick-and-mortar retail destinations across multiple use categories.”
Drew A. Kristol and Kirk D. Olson, both Senior Vice Presidents of Investments in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, Konover South.
This loan closing marks Terranova’s ninth capital markets transaction of the year.
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.