IRR Parkway Investments LLC Acquires Development Site In Park West For $26.8M

A development site located at 1010 NE 2nd Ave in Park West has been sold for a total price of $26,780,000. The property spans 43,560 square feet and is situated in a prime location. The buyer, IRR Parkway Investments LLC, represented by Ira Saferstein and Marc Roberts, acquired the site from Miami Worldcenter Associates, represented by Nitin Motwani and Art Falcone. The sale of this development site marks a significant transaction in the area.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $26,780,000
• Address: 1010 NE 2nd Ave
• Market: Park West
• Buyer: IRR Parkway Investments LLC - Ira Saferstein & Marc Roberts
• Seller: Miami Worldcenter Associates - Nitin Motwani & Art Falcone
• Square Footage: 43,560

The transaction involved several key individuals and companies. IRR Parkway Investments LLC, headed by Ira Saferstein and Marc Roberts, acquired the development site. On the other hand, Miami Worldcenter Associates, represented by Nitin Motwani and Art Falcone, acted as the sellers. This deal highlights the significance of the collaboration between the buyer and seller representatives, showcasing their expertise in the real estate industry.