The lease was expertly orchestrated by Jake Michels, Sales Associate, and Joseph P. Byrnes, Senior Vice President at Berger Commercial Realty, who represented the landlord.
Wells Fargo now occupies two floors totaling approximately 45,000 square feet at Tricera’s 1675 Midtown office building following a 19,000-square-foot lease expansion.
The lease allows Tricera to seamlessly backfill space to be vacated by Comerica Bank, which is moving out of 1675 Midtown when its lease expires in June 2023.
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.
The financing likely signals that the owner will be moving forward with future development on vacant land neighboring the warehouse, which could be a 630,000-square-foot facility. CLICK ON THE HEADLINE FOR MORE
The 120-acre project is slated for 2,840 residential units, over 1 million square feet of office space, 180,000 square feet of retail space and a charter school. CLICK ON THE HEADLINE FOR MORE
Wells Fargo has filed a foreclosure lawsuit against the 285,283sf mixed-use project over a mortgage last modified at $53 million. CLICK ON THE HEADLINE FOR MORE ON THIS STORY
San Antonio-based investment adviser USAA Real Estate Co. has officially sealed its deal to acquire the high-profile Las Olas Centre in downtown Fort Lauderdale for $170 million.