Brickell Office Tower Goes On The Block For Over $500M
The 33-story bayfront tower is more than 90% occupied.
The 33-story bayfront tower is more than 90% occupied.
Managing Directors Michael Weinberg and Scott Wadler of Berkadia South Florida orchestrated the financing on behalf of Driftwood Capital, a prominent hospitality sponsor headquartered in Miami.
The JLL Capital Markets team representing the seller was led by Senior Director Maxx Carney and Managing Director Ike Ojala.
Bank of America purchased the asset on behalf of a client, and JLL will lease the property for the new owner.
The seller walked away with a $56 million, or 34 percent, gain. CLICK ON THE HEADLINE FOR MORE
The banking giant is leasing 62,000 square feet. CLICK ON THE HEADLINE FOR MORE
The lease includes the entire 23rd floor. CLICK ON THE HEADLINE FOR MORE
The adjoining parcel will house a new CVS that is scheduled to be completed by February 2015. CBRE will be taking the CVS to market in mid-September. CLICK ON THE HEADLINE FOR MORE
An additional 53,853 square feet was leased in renewals and/or expansions. CLICK ON THE HEADLINE FOR MORE
Stiles president Douglas Eagon confirmed that a national institutional investor is under contract to purchase one of its high profile office towers in downtown Fort Lauderdale. CLICK ON THE HEADLINE FOR MORE ON THIS STORY
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