Boutique Office Building In Miami Trades
The building is leased to a mix of 25 office and retail tenants.
The building is leased to a mix of 25 office and retail tenants.
The lease was facilitated by Berger Commercial Realty/CORFAC International’s Senior Vice President Keith R. Graves, CCIM, SIOR, and Vice President Lawrence Oxenberg, who represented Solotech in this transaction.
The new agreement secures 83,793 square feet of space, which includes an expansion of 14,560 square feet.
Prior to joining Lee & Associates South Florida, he served as Senior Associate at Apex Capital Realty and worked closely with CBRE, managing a national bank portfolio spanning three states and 150 locations.
In addition to leasing and marketing the project on behalf of the landlord, Berger Commercial Realty facilitated the sale of the land to Bridge Industrial for development in 2019.
Other lease deals recently executed in the building total 27,157 square feet.
An engineering services company will occupy the space, relocating from its offices at 910 SE 17th St. in Fort Lauderdale.
The $353-per-square-foot transaction far surpassed the current $225-per-square-foot market average for office investment sales.
The lease brings Prologis I-595, located at 7050-7060 W State Rd 84 in Davie, to full occupancy.
Senior Vice Presidents Keith R. Graves, CCIM and Jonathan Thiel, along with Sales Associate James Karrat, represented the landlord in executing the lease.
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