The acquisition includes the iconic five-story, 35,455-square-foot landmark building located at 100 NE 1st Avenue, as well as an adjacent 15,000-square-foot vacant lot.
Vice President Bradley Arendt, Executive Vice President Mika Mattingly and Associate Jonathan Papeika of the Colliers South Florida Urban Core Division represented the seller in the transaction. Ryan Shaw of Marcus & Millichap represented the buyer.
Oak Row Equities purchased the $38.5 million site off-market.
He will focus on providing quality retail leasing services for the Urban Core Division led by Mika Mattingly based out of the Miami office.
As South Florida’s markets continue to strengthen from the migration of out-of-state developers, Colliers facilitated the off-market sale of the Himmarshee development site in Downtown Fort Lauderdale. Colliers’ Director Bradley Arendt and Executive Managing Director Mika Mattingly represented both the buyer, Heights Advisors, and the seller, 111 Property Group, in the transaction. “This was a […]
Colliers’ Executive Managing Director Mika Mattingly, Associate Cecilia Estevez, and Associate Christina Searles are handling the listing on behalf of the Klugler Family, the seller.
The development site will be home to The M Tower, an approved 53-story, 440-unit apartment tower.
The 92,972-square-foot development site, which is located at 16 SE 2nd St in downtown Miami, is currently home to a parking lot.
The site is located across the street from the planned Little River Brightline train station.
Over the last two years, domestic and international investors have acquired more than a $1.7 billion worth of commercial real estate to reposition downtown Miami as the next hottest neighborhood, said Mika Mattingly, who co-leads the Urban Core Division. CLICK ON THE HEADLINE FOR MORE
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