JV Pays $32 Million For Pinecrest Mixed-Use Property
The property totals a combined 94,175 square feet.
The property totals a combined 94,175 square feet.
The new fund will focus on properties valued at more than $50 million and priced below replacement cost.
The site was purchased from Esposito Enterprises Inc., an affiliate of Vinny Esposito, the owner of the staple restaurant Franco & Vinny’s, which will continue to operate on property. There are no current plans underway for redevelopment of the site.
The purchase price was $17 million.
Here are the most popular news headlines this past week on CRE-sources.
Vice President Michael Carpenter handled the leasing for SRG, a division of the full-service real estate development firm, Stiles. Both restaurants are anticipated to open in March 2021.
Here are the most popular news headlines this past week on CRE-sources.
The newest team member will help as part of Berger’s investment sales, land brokerage and acquisitions and dispositions services for both corporate clients and private investors.
Maria Mainardi will be based in the Fort Lauderdale office.
Here are the most popular news headlines this past week on CRE-sources.