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.
The project will accept cryptocurrency as an option for lease payments.
According to CBRE Research, strong leasing was sustained in the first quarter with more than 630,000 square feet in office transactions executed in Broward County.
For the past 33 years, he has operated a successful brokerage and property management company.
The JLL team of Managing Directors Steven Hurwitz and Doug Okun with Associate Madeline Fine will direct leasing activity at the iconic site.