Colliers Facilitates Sale Of Miami River District Development Site For $10M
Colliers Vice President Virgilio Fernandez represented the seller and the buyer in the transaction.
Colliers Vice President Virgilio Fernandez represented the seller and the buyer in the transaction.
The office with retail component including a rooftop venue will bring sophisticated work/play experiences to Coral Gables’ Merrick Park district. Groundbreaking is scheduled for Q4 2023 with completion in 2025.
Completion of a series of capital improvements at the 365,000-square-foot Class A office building contributed to the attraction of new office tenants.
Colliers Vice Chair Stephen Rutchik and Vice President Tom Farmer negotiated five leases totaling 47,235 square feet.
The listing increases Team Kingsley-Rutchik’s market share of Class A buildings in the market to 1,771,254 square feet, totaling 33.7%.
Colliers Vice Chair Stephen Rutchik, Vice President Tom Farmer, and Associate Vice President Tyler de la Peña represented the landlord, CGI Merchant Group, negotiating four new leases totaling 12,882 square feet.
John Criddle, Joseph Freitas, and Max Pawk with CBRE facilitated lease negotiations on behalf of ownership, South Florida-based real estate investment group Grover Corlew.
Colliers South Florida Vice President Virgilio Fernandez represented the buyer and seller in the sales transaction.
In partnership with Society Wynwood developers PMG and Greybrook Realty Partners, Tricera and LNDMRK are forward-purchasing over 32,000 square feet of ground floor retail at the project.
Colliers Senior Vice President Lauren Pace represented the tenant, Badcock Economy Furniture Store, Inc., in negotiating the renewals. The deals mark Pace’s first large tenant-rep transaction since joining the firm in late 2022.
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