Oasis Hallandale is also home to a commercial district with more than 59,000 square feet of retail and restaurant space, 35,000 square feet of office space and nearly 1,500 parking spaces.
The new joint venture adds 13 properties totaling ~299,000 square feet to Tricera Management’s portfolio.
The park was 80% occupied when Feldman Equities acquired the property about two years ago.
The transaction marks the largest office lease renewal completed in Broward County since 2019.
With over 35 years of experience, he has participated in all aspects of commercial real estate, including development, property management, brokerage, receivership, and banking.
The $244-per-square-foot transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
Before joining Colliers, he was a Managing Director at Savills, applying a multidisciplinary approach to serve various clients across industries, including legal, healthcare, financial services, architecture, engineering, and construction.
The 63,151-square-foot, five-story building is a connected two-volume structure that features large open floor plates housing various components including offices, program space for The Jim Moran Foundation and the Jim Moran Institute, shared event space and archives exhibits. Estimated completion is March 2025.
Moss had been subleasing approximately 40% of the building and had previously executed a 5-year, 4-month deal beyond the sublease term for that space.
Last week, I called my contact in Tallahassee and confirmed that my interpretation was correct.