Sale Of Brickell Development Site Opens Door For New Housing Options
This is the firm’s second development site acquisition in greater downtown Miami within a period of eight months.
This is the firm’s second development site acquisition in greater downtown Miami within a period of eight months.
JLL represented the seller and procured the buyer.
JLL Capital Markets arranged the sales of the 70,288-square-foot Shops at Sunset Lakes in Miramar, Florida and the 109,811-square-foot Town Center Shops at Jensen Beach.
He has consistently been one of the nation’s top producers, receiving several industry achievements, including being named top producer for industrial capital markets in 2021.
The portfolio totals 895,958 square feet.
The 100-percent-leased Deerwood Town Center is anchored by a strong-performing Fresco y Mas and Home Depot and also includes Amped Fitness, Pet Supermarket and TD Bank.
The JLL Capital Markets team representing the seller was led by Director Max La Cava, Senior Managing Director Brian Shanfeld, Managing Directors Jason Dewitt and Luis Castillo and Vice President Steven Okon.
JLL Capital Markets brokered the transaction on behalf of the seller, an investment group from South America.
JLL Capital Markets closed the sale and secured the equity for the 793-unit Modera Academical Village.
An Ares Management Real Estate fund acquired the assets.
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