The transaction marks one of the highest sale prices per square foot for a pure retail property not related to a re-development in Coral Gables over the past five years. CLICK ON THE HEADLINE FOR MORE
The project will feature a progressive design with more than 298,000 sq. ft. of modern office space on oversized in-demand floor plates, ranging from 16,000 sq. ft. to 36,000 sq. ft. CLICK ON THE HEADLINE FOR MORE
James Karrat joins the firm following 11 years of practicing law as an attorney, originally with the Broward County State Attorney’s Office and most recently as a civil litigator and partner at a real estate law firm. CLICK ON THE HEADLINE FOR MORE
He is a multicultural investment sales professional, specializing in the acquisition and disposition of urban retail, net leased and land throughout South Florida. CLICK ON THE HEADLINE FOR MORE
The sale was brokered by Dennis Carson and Casey Rosen of CBRE, who represented both sides of the transaction. CLICK ON THE HEADLINE FOR MORE
The store is expected to open in Spring 2019. CLICK ON THE HEADLINE FOR MORE
Berkadia secured a $46.97 million loan for the acquisiition. CLICK ON THE HEADLINE FOR MORE
“Flagler Street is currently undergoing a $13 million beautification process that will position it to rival the likes of New York’s Fifth Avenue,” said Mika Mattingly, who leads Colliers International South Florida’s Urban Core Division. CLICK ON THE HEADLINE FOR MORE
A partnership comprising Terra and Banyan Street Capital acquired the asset. CLICK ON THE HEADLINE FOR MORE
Fabio Faerman, CCIM of FA Commercial Advisors – a commercial division of Fortune International Realty – was an integral catalyst of the deal, representing both the buyer and seller.
