THE VIZZDA WEEKLY
September 12th, 2016
Last week in South Florida, Vizzda tracked $242,387,035 in commercial transactions,
including 57 sales and 5 new projects. Below are reports for five of those events.
LAND
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465 Acres of Land in Miami Purchased for $18.00526M
On September 7th, Florida Power & Light Company purchased 465.61 acres of agricultural land from Ocean Bank for $18,005,260.
(1 of 8 land sales last week)
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OFFICE
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Office Complex in West Palm Beach Purchased for $10.7M
On August 30th, The Jewish Federation of Palm Beach County purchased one 2-story office building totaling 44,746 SF from Suffolk Construction for $10,700,000. Likely user-buyer.
(1 of 9 office sales last week)
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MULTIFAMILY
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24-Unit Apartment Complex in North Miami Purchased for $1.685M
On September 8th, Elvis Dumervil purchased one 2-story building with 24 apartment units from Econo-Malls Management Corporation for $1,685,000 with $1,366,000 in new funding with Arbor Commercial Mortgage.
(1 of 12 multifamily sales last week)
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INDUSTRIAL
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Distribution Center with Retail Spike in Miami Purchased for $12M
On September 7th, Kent Pflederer purchased a 150,226 SF multi-tenant distribution warehouse from TimBar for $12,000,000. (1 of 18 industrial sales last week) View Full Report |
RETAIL
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Neighborhood Shopping Center in Coconut Creek Purchased for $10M
On September 2nd, Investments Limited purchased two multi-tenant retail buildings totaling 112,899 SF from C-III Capital for $10,000,000.
(1 of 10 retail sales last week)
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