CBRE Secures $180.2 Million In Acquisition Financing For 26-Building Logistics Portfolio
The portfolio totals 1.4 million square feet across Miami-Dade, Broward and Palm Beach counties.
The portfolio totals 1.4 million square feet across Miami-Dade, Broward and Palm Beach counties.
Jorge L. Morales and Ana R. Paula of Blue Box Real Estate, LLC represented the landlord in the deal. Michael Scarpino, CCIM of Scarpino Commercial Real Estate Services, Inc., represented the tenant. CLICK ON THE HEADLINE FOR MORE
The business park would break down to 1.53 million square feet of offices, 300,000 square feet of distribution space, 200,000 square feet of flex space (usually industrial or office), and four hotels with a combined 1,600 rooms. CLICK ON THE HEADLINE FOR MORE
Suburban office markets are reaping the benefits of dwindling supply and rising CBD rates, according to CBRE. CLICK ON THE HEADLINE FOR MORE
The portfolio consists of 17 industrial buildings and four apartment complexes. CLICK ON THE HEADLINE FOR MORE
The bank said it plans to open six Florida branches this year. CLICK ON THE HEADLINE FOR MORE
The new deal is an expansion of the company’s existing 170,000 square feet within the Palms Corporate Centre. CLICK ON THE HEADLINE FOR MORE
Office leasing has increased each quarter this year, with banks and law firms making moves. This is a boost for Miami-Dade’s office market, which was slow in 2009. But new office buildings, coupled with fewer tenants coming into the market, are adding to vacancies, as existing tenants are signing most of the deals.
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