CBRE Capital Markets Arranges $66.8 Million In Construction Financing For Mixed-Use Project In Miami
The development broke ground in January this year with an expected completion date in the first half of 2024.
The development broke ground in January this year with an expected completion date in the first half of 2024.
Benjamin H. Silver and Sebastian Misiewicz with CBRE represented the seller and the buyer in the transaction.
The Miami space serves as the firm’s second office location.
CBRE has been hired as the new leasing agent for the 300,000 square foot twin tower project.
The seller, a joint venture, purchased the property and excess development land in 2016 for $90 million and executed an extensive redevelopment and re-tenanting of this iconic Ft. Lauderdale asset.
Gordon Messinger, Executive Vice President with CBRE, represented the landlord and developer in the transaction.
CBRE also announced that in the past six months, Kevin Gonzalez, Jake Freeman and Maggie Kurtz have arranged nine new office leases totaling 92,000 square feet at 777 Brickell.
The new, long-term lease brings the 212,619-square-foot building to 100% leased and marks Unique Vacations’ relocation and expansion.
Larry Genet and Tom O’Loughlin with CBRE represented Industrial Outdoor Ventures in both the purchase and lease of the property.
Benjamin Silver with CBRE represented the seller, 5100 Realty LLC, in the transaction.
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