Namdar Group Acquires Development Site In Downtown Miami For $195M Loan

An undisclosed development site located at 222 Northeast First Avenue in Downtown Miami has recently been involved in a closed property transaction. The property, a development site, boasts a Buildable Square Footage (BSF) of 1,200,000. No additional details about the property are available at this time.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $195,000,000

The lending party involved in this transaction is Slate Property Group, represented by David Schwartz and Martin Nussbaum. The landlord is the Namdar Group. Serving as brokers for the deal are Drew Fletcher and Bryan Grover of Greystone Capital Advisors. No further information is available on the companies or individuals involved in the deal.