The properties were sold by Frisbie Group-affiliated ownership, along with entities tied to ophthalmologist Dr. Stephen Sullivan and Marcia Sullivan.
The 104-room hotel is located at 301 Hillsboro Technology Drive.
Ocean Bank provided $28 million. Senior Vice President Jesus Garcia arranged the loan.
Colliers’ Executive Vice Presidents Jonathan Carter and Dave Preston are leading retail and restaurant leasing on behalf of Centtral Aventura LLC.
Senior Vice Presidents Juan Mendiola and Federico Tunnerman arranged the loan for Ocean Bank.
The 8-story development is set for completion in early 2028.
The development site spans 4.2 acres.
The 689,940-square-foot portfolio consists of 20 warehouse buildings located in the Medley submarket.
Local downtown real estate investor Shai Ben Ami, Broker-Principal of Urban Core, represented Centro Retail Downtown, an entity managed by Ben-Ami along with Israeli public company partner Mishorim Investments, as well as the buyer, Ocean Bank, in the sale and purchase.
The project consists of 188 rental apartments and 45,000 square feet of office space and retail space.