Prior to closing the sale, the joint venture inked a lease expansion with Cleveland Clinic to occupy the entire 68,000-square-foot Class A medical office development, doubling its previously announced space commitment.
A county-owned site in northwest Miami-Dade could be transformed into a large-scale development combining warehouse space, affordable housing, retail, restaurants and recreational amenities.
Cleveland Clinic will be the facility’s anchor tenant, occupying the entire 34,000-square-foot first floor.
The JV will expand their portfolio with the development of five Class A medical office buildings in Florida.
Buccan is known for its inventive American cuisine and nominated for the prestigious James Beard Award.
CBRE Executive Vice President Gordon Messinger represented MAS^AJP, the owner and developer, in lease negotiations.
The lease brings Miami’s MedSquare Place to full occupancy prior to delivery.
CBRE’s Gordon Messinger represented the landlord, MAS*AJP, in the transactions.