With more than 10 years of experience in the commercial real estate industry, he specializes in the representation of owners and tenants in the management of their design and construction teams.
The long-term lease brings Building A to 100% occupancy.
The sale does not include other components of the mixed-use development, such as its 158-unit Congregate Living Facility and numerous outparcels.
The office building is nearly 70 percent leased ahead of its late-2022 completion.
The project will provide 320K SF of Class-A office space and 80K SF of functional outdoor space. It will stretch over a 2-acre block between Northeast 42nd and 43rd streets and between Northeast Second and Fourth avenues.
JLL Capital Markets closed the sale and secured the equity for the 793-unit Modera Academical Village.
The JLL brokerage team of Managing Directors Steven Hurwitz and Doug Okun and associate Madeline Fine are spearheading the office leasing at the property.
The luxury yachting company will occupy the 175,510-square-foot building’s entire 11th floor penthouse accommodating nearly 60 employees.
Year-over-year, the Miami industrial market experienced a 53 percent jump in rent.
CBRE Executive Vice President John Criddle, First Vice President Joe Freitas and Transaction Manager Allie Lancashire signed the lease deals.
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