Limestone Asset Management Closes On LA Fitness, Burger King In Miami-Dade County
The acquisitions total $15.5 million.
The acquisitions total $15.5 million.
Located at Ponce de Leon Boulevard and Bird Road in Coral Gables, 4000 Ponce features 150,000 square feet of Class A office space and 32,000 square feet of prime ground-floor retail. The building is more than 90% leased.
In their new roles, they will primarily focus on debt and equity advisory across various property types, reinforcing the team’s expertise and regional presence.
The project will consist of a Class A, two-building, variable-depth multi-tenant industrial development totaling 457,110 square feet situated on 30.78 acres.
JLL Capital Markets arranged the $100,000,000 financing for the nine-industrial-warehouse portfolio.
Like all projects within the Soleste Living brand portfolio, Soleste Spring Gardens is a highly amenitized development with a vast collection of health and wellness offerings, social components and pet-friendly features.
The JLL Capital Markets team was led by Senior Managing Director Melissa Rose, Director Michael DiCosimo and Analyst Mateo Bolivar.
The sale price equates to $214 per square foot.
JLL simultaneously arranged a $65.8 million preferred equity investment from Pensam.
This is the firm’s second development site acquisition in greater downtown Miami within a period of eight months.
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