Avison Young Completes Sale, Secures Debt For Sunrise Office Building
The office building represents McGuire Development Company’s first Southeast Florida acquisition.
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.
The asset was the second of the seller’s 100% occupied, two-building portfolio to sell within three months, both sales totaling $17.2 million.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
