Alex Zylberglait and Michael Crocchiola of Marcus & Millichap and Roy Faith of FIP Commercial were the brokers in the transaction.
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Having originated in Netanya, Israel in 1998, the popular brand now has locations throughout the world including Australia, London, Spain, Cyprus, Puerto Rico and, within the USA, locations in New York, Los Angeles and now its first location in Miami.
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Immocorp joined with The Faith Group and Azur Equities to spearhead the development.
A joint venture of Kushner Companies, Faith Group, and Immocorp Capital plan 325 apartments with about 20,000-25,000 square feet of retail.
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The building is located adjacent to Soho Studios, a 45,000-square-foot creative event space, on a 68,000-square-foot lot located at 2136 NW 1st Ave, which is also owned by The Faith Group.
Julian Huzenman, Vice President of Leasing & Brokerage with FIP Commercial Realty, arranged the sale.
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Conceptual development plans for the site included 240 apartments, hotels of 120 and 100 rooms, up to 300,000 square feet of retail and entertainment, a performing arts building, and a culinary institute.
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ShareMD has acquired a dozen healthcare and medical/professional properties in the past two years totaling 750,000 square feet in Florida alone.
Both lease deals were negotiated by Brandee Goldstein, Tenant/Landlord Representative with FIP Commercial Realty.
FIP Commercial President/Broker Roy Faith and VP of Leasing Julian Huzenman represented the landlord in the lease deal. Jay Whelchel of Whelchel Partners represented 21st Century Oncology.
