The Newmark team was led by Jordan Roeschlaub and Dustin Stolly, Co-Presidents of Debt & Structured Finance, along with Executive Managing Directors Christopher Kramer and Nick Scribani, as well as Senior Managing Director Danny Matz from the Miami office.
Within 29 months of groundbreaking, Cymbal DLT paid off its $60.3 million construction loan to 3650 REIT and distributed to their equity investors over a 130% return.
The closed transactions are valued at over $63 million.
Sentry Data Systems will relocate its employees from its current office at 800 Fairway,
Members of the Miami team include Senior Vice President Carlyle Coffin; Vice President of Acquisitions Mike Lisch; Head of Strategy and Analytics Jason Warren; and Business Operations Manager Teresa Sanzone.
The lease is also the largest in the 638,355-square-foot building.
The tenant will be relocating and expanding from its current location at Miramar Park of Commerce.
Gordon Messinger, an Executive Vice President with CBRE, represented the landlord in lease negotiations. Clay Sidner with Newmark represented the tenant.
CBRE Executive Vice President John Criddle, First Vice President Joe Freitas and Transaction Manager Allie Lancashire signed the lease deals.
Quest currently occupies 12,783 square feet on the third floor and will take an additional 13,164 square feet on the fourth floor, which they will occupy in October.