Charles J. Foschini, Christopher Apone, Lourdes Carranza-Alvarez and Shannon Wilson of Berkadia Miami secured the financing on behalf of the sponsors, Neology Development Group and American Opportunity Zone Advisors (AOZA).
Senior Managing Director Charles Foschini, Managing Director Christopher Apone, and Associate Director Shannon Wilson of Berkadia Miami secured the financing on behalf of the sponsor Neology Development, an award-winning, lifestyle-driven real estate firm led by Lissette Calderon.
Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Associate Director Robert Iudice of Berkadia South Florida arranged the loan.
The to-be-built warehouse will total 174,348 square feet.
The property was acquired in a special situation from a long-term private family owner.
The 131,680-square-foot, two-building suburban office project is 100% leased to two tenants. CLICK ON THE HEADLINE FOR MORE
The new owner plans to enhance the property’s position as the premier Class A property in the Commercial Boulevard submarket by investing $1.2 million in targeted capital improvements. CLICK ON THE HEADLINE FOR MORE
AKREA paid $32.25 million for the office asset. CLICK ON THE HEADLINE FOR MORE
With an overall submarket occupancy of 94%, the property offers significant upside potential as a result of recent renovations. CLICK ON THE HEADLINE FOR MORE
The three buildings within the park total approximately 253,000 rentable square feet. CLICK ON THE HEADLINE FOR MORE
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