Mike Ciadella, Scott O’Donnell, and Dominic Montazemi of Cushman & Wakefield represented the seller in the transaction.
Cushman & Wakefield’s Greg Miller, Scott O’Donnell, Mike Ciadella, Dominic Montazemi, and Miguel Alcivar represented both the buyer and seller in the transaction.
The final sale price equated to more than $202 psf.
Scott O’Donnell, Mike Ciadella, Greg Miller, Dominic Montazemi, Miguel Alcivar, Jason Hochman, and Ron Granite of Cushman & Wakefield represented the seller in the transaction.
The final sale price was $22 million, equating to $155 per square foot.
Having earned the reputation in Florida and the southeastern U.S. for reimagining infill office properties in prime locations, Grover Corlew plans to invest in the building with upgrades to tenant space, common areas, landscaping and the façade.
Cushman & Wakefield secured $9 million in acquisition financing through Principal Life on behalf of the buyer.
Jason Hochman and Ron Granite of Cushman & Wakefield secured $46.3 million in acquisition financing through Argentic Investment Management on behalf of the buyers.
The real estate investment management group purchased the 109,497-square-foot building for $44.6 million.
The property is 100% leased to more than 40 tenants ranging from light industrial to athletic and recreational uses.
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