Skylight Real Estate Partners, Panther Capital, And Arden Group Acquire Edgewater Development Site For $20M

A development site located at 1836 Biscayne Boulevard in Edgewater has been sold for a total of $20,000,000. The property was purchased by Skylight Real Estate Partners, Panther Capital Management, and Arden Group from Fifteen Group. This development site in Edgewater offers great potential for future construction and is a valuable asset in the market. With 364 units, the price per unit for this transaction stands at $54,945.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $20,000,000
• Address: 1836 Biscayne Boulevard
• Market: Edgewater

Jaret Turkell, Roberto Pesant, Omar Morales, and Jose Mota from Berkadia represented both the buyer and the seller in this transaction. Their expertise and negotiation skills played a crucial role in closing this deal successfully. This collaboration between Skylight Real Estate Partners, Panther Capital Management, Arden Group, and Berkadia highlights the strong relationships and teamwork within the real estate industry.