Cushman & Wakefield Arranges $56.7 Million Sale Of Metro Miami Office Portfolio
Mike Davis, Dominic Montazemi, Miguel Alcivar, Adam Spies, Rick Brugge, and Rick Colon of Cushman & Wakefield represented both the seller and buyer in the transaction.
Mike Davis, Dominic Montazemi, Miguel Alcivar, Adam Spies, Rick Brugge, and Rick Colon of Cushman & Wakefield represented both the seller and buyer in the transaction.
He will join the firm’s Miami-based Office Agency Leasing team consisting of Brian Gale, Andrew Trench, Ryan Holtzman, Jeannette Mendoza and Lena Weeks.
The final sale price was $22 million, equating to $155 per square foot.
The five commercial real estate transactions were all completed throughout the South Florida area in January, February and March by Vice President Frank Trelles, SIOR and Sales Associate Jason Gonzalez.
Matt McAllister, Chris Metzger, Rick Etner, and Christopher Thomson represented building owner Black Creek Group in the lease of the ±25,300-square-foot warehouse and distribution center.
Having earned the reputation in Florida and the southeastern U.S. for reimagining infill office properties in prime locations, Grover Corlew plans to invest in the building with upgrades to tenant space, common areas, landscaping and the façade.
The company has been a tenant at 801 Brickell since 1986.
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 deals include an 18,842-square-foot 10-year lease with Valley National Bank, a 9,717-square-foot 10-year lease with Rosenbaum LLP and a 9,648-square-foot long-term lease with Morgan & Morgan.
The portfolio sold for $49 million.
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