Coconut Grove Marriott Sells To Developer
Avison Young’s John K. Crotty, CCIM, Michael T. Fay, David Duckworth, Brian C. de la Fé, and Associates Emily Brais and Berkley Bloodworth closed the sale on behalf of the seller, Hersha Hospitality Trust.
Avison Young’s John K. Crotty, CCIM, Michael T. Fay, David Duckworth, Brian C. de la Fé, and Associates Emily Brais and Berkley Bloodworth closed the sale on behalf of the seller, Hersha Hospitality Trust.
The asset was the second of the seller’s 100% occupied, two-building portfolio to sell within three months, both sales totaling $17.2 million.
The asset totals 259,458 square feet on 14.31 acres in Broward County’s Cypress Creek submarket.
The pair of office buildings totals 96,674 square feet. CLICK ON THE HEADLINE FOR MORE
David Duckworth was retained by ownership to spearhead the sale. CLICK ON THE HEADLINE FOR MORE
David Duckworth with Avison Young negotiated the sale. CLICK ON THE HEADLINE FOR MORE
The building sold for $4.2 million, according to industry sources. CLICK ON THE HEADLINE FOR MORE
The property more than doubled in value in two years. CLICK ON THE HEADLINE FOR MORE
The 37,357 square foot building was fully occupied at the time of the sale. CLICK ON THE HEADLINE FOR MORE
David Duckworth, Vice President of Investment Sales with Avison Young, facilitated the multimillion-dollar leases. CLICK ON THE HEADLINE FOR MORE
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