Miami
Fort Lauderdale Office Asset Sells for $3M
The vacant property changed hands in an off-market deal. The new owner plans to renovate the building and bring it in line with Class A office standards.
NAI Miami Secures Lease at Pinecrest Village Plaza
Edward Schmidt and Timothy Merriman represented the landlord in the lease negotiations. The new space provides the tenant with a new open showroom.
Tamarac Medical Office Trades in $4M Deal
CRE Florida Partners’ Michael Rauch and Tom Robertson worked on behalf of the seller, while City National Bank of Florida provided $2.9 million in acquisition financing.
C&W Completes Sale of Miami International Logistics Center
Lincoln Property Company purchased the property, a prime infill redevelopment opportunity, from Keating Resources. The facility was 88 percent leased at the time of the sale.
HFF Brokers Sale of Peninsula Executive Center in Boca Raton
The acquisition marks the buyer’s first major investment in South Florida. HFF assisted the new owner in procuring a $33.5 million mortgage to facilitate the transaction.
Florida 645 KSF Office Park Welcomes New Tenants
Two wireless companies will occupy approximately 40,000 square feet of office space at Sawgrass Technology Park in Sunrise, Fla. The asset is currently 36.6 percent vacant.
Miami-Area Industrial Asset Trades in $8M Deal
Cushman & Wakefield’s experts assisted the seller in the transaction and helped secure acquisition financing on behalf of the buyer, through a loan originated by Starwood Mortgage Capital.
EastGroup Plans 850 KSF Industrial Park in Florida
Later this year, the REIT will begin construction on Gateway Commerce Park, an 850,000-square-foot campus on a 61-acre site in the tight metro Miami market.
Brickman to Reposition Miami Office Towers
The New York-based owner purchased the properties in 2016 and has embarked on an extensive improvement program led by MKDA.
Three Companies Ink Subleases in Fort Lauderdale
Health insurance provider Garrett Laughlin will relocate from its current home on East Broward Boulevard, while auto parts seller WBR Group and law firm Adams and Reese will open their first offices in the city.