Newmark Selected To Lead Leasing Of 75,000 SF Retail/Creative Office Property In West Palm Beach
Newmark Managing Director Mitch Heifetz is spearheading marketing and leasing initiatives.
Newmark Managing Director Mitch Heifetz is spearheading marketing and leasing initiatives.
The properties were sold by Frisbie Group-affiliated ownership, along with entities tied to ophthalmologist Dr. Stephen Sullivan and Marcia Sullivan.
Nelson Garcia of RARE CRE represented the seller in the acquisition. Michael Basinski and Mitch Sinberg of Berkadia Boca Raton arranged a $31.75 million acquisition loan through City National Bank.
The site has long attracted developer interest because of its scale, location and proximity to transit.
Newmark Managing Director Mitch Heifetz serves as the building’s exclusive leasing agent, representing Brickstar Capital in the transaction. The tenant was represented by Jared Robins of Inhouse CRE.
Over the past three years, he has closed more than $100 million in transactions, earning a reputation as one of South Florida’s most active retail investment brokers.
The master-planned development will include 401 multifamily residences, approximately 426,764 square feet of essential and service-oriented retail, a 125-key lifestyle hotel and an approximately 82,875-square-foot office building.
Founded in 2022 with its first studio in Miami, Fuze House has rapidly expanded its footprint, now operating five locations across Miami, New York City and East Hampton.
The two-story retail property spans 128,779 square feet and occupies nearly an entire block along one of the country’s most exclusive shopping streets.
The landmark project will feature 64,000 square feet of curated restaurant and retail space, 382 luxury apartment residences, high-end amenities and a pedestrian-oriented streetscape designed to anchor the Northwood Village corridor.
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