JLL Completes Sale, Financing For Trophy Asset In Palm Beach County
JLL’s Seniors Housing Capital Markets team procured the buyer, AEW Capital Management, and secured the three-year acquisition loan through Capital One Bank on behalf of the buyer.
JLL’s Seniors Housing Capital Markets team procured the buyer, AEW Capital Management, and secured the three-year acquisition loan through Capital One Bank on behalf of the buyer.
The second phase will consist of 342 rental units on a 2.7-acre development site with over 400 feet of unobstructed water frontage along the Miami River.
When it closes in two weeks, it will be South Florida’s largest office sale in more than a year.
AEW Capital Management, L.P. purchased the asset. CLICK ON THE HEADLINE FOR MORE
The deal represents the third major office deal on Alhambra Circle this month. CLICK ON THE HEADLINE FOR MORE
AEW Capital Management picked up the office towers for $245.5 million. CLICK ON THE HEADLINE FOR MORE
The 489,000-square-foot multifamily building was built in 2014. CLICK ON THE HEADLINE FOR MORE
The company has been doing business in South Florida for more than 35 years. CLICK ON THE HEADLINE FOR MORE
The building last sold in 2004 for $35.8 million. CLICK ON THE HEADLINE FOR MORE
Global aviation solutions provider AeroTurbine relocated from the building to a new 200,214-square-foot location in Miramar in 2012. CLICK ON THE HEADLINE FOR MORE
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