As part of the agreement, Boynton Beach’s Department of Economic Development and Strategy will provide a one-time $50,0000 grant for programming within the space.
The office building represents McGuire Development Company’s first Southeast Florida acquisition.
Avison Young’s Florida Capital Markets Group negotiated the sales.
Located at 3601 North Miami Avenue in Miami, the site sits at the gateway of three of Miami’s three most dynamic, high-growth districts: Miami Design District, Midtown Miami, and Wynwood.
At $226 per square foot, the sale represents the highest price per square foot in Cypress Creek over the past decade.
The deals include 2 lease renewals, 1 renewal/expansion and 1 new lease deal.
They will serve as Senior Vice Presidents in the Miami office, representing office tenants.
The transactions include two retail and office buildings in South Miami.
The newly proposed mixed-use lifestyle project spans 31 acres.
Avison Young’s John K. Crotty, CCIM, Michael T. Fay, David Duckworth, Brian C. de la Fé, and Associates Emily Brais and Berkley Bloodworth closed the sale on behalf of the seller, Hersha Hospitality Trust.
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