Weston Office Building Trades At Peak $353 PSF
The $353-per-square-foot transaction far surpassed the current $225-per-square-foot market average for office investment sales.
The $353-per-square-foot transaction far surpassed the current $225-per-square-foot market average for office investment sales.
Donna Abood, Joe Abood, and Peyton Dowd of Avison Young represented FECR in the transaction.
The team will focus on representing owners, tenants, and investors of industrial property throughout Florida.
One of the most notable transactions is a 116,000 square-foot, new-to-market lease deal inked at SFLC Building 6 with MARVAL, a premier Chilean-based Maritime Transport and Logistic Services provider.
Danny Finkle, Eric Williams, Jorge Portela, Ike Ojala and Kim Flores of JLL’s Miami office represented the seller, and John Crotty and Michael T. Fay of the Avison Young’s Miami office consulted with both parties on the transaction.
The buyers own Total Research Group (TRG), which performs high-quality clinical trials that lead to the development of lifesaving medical advances.
Procacci has owned the land since at least 2013.
The office condos total 3,771 square feet.
Avison Young Principals Michael T. Fay, Jay Ziv, John K. Crotty, David Duckworth, and Brian C. de la Fé completed the sale.
One of the largest contiguous land sites available in South Florida, the development has a buildable program of 2,500 residential units, 240 hotel rooms, 480,000 square feet of retail space, and 650,000 square feet of office space.
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