Fort Partners Acquires Development Site In Surfside For $41.5M

Fort Partners, led by Nadim Ashi, has acquired a development site in Surfside, located at 9163-9165 Collins Avenue. The property spans approximately 0.54 acres, making it an attractive investment opportunity. The sale took place on January 25, 2023, with a sale price of $41,500,000. The seller, Wexford Real Estate Investors, completed the transaction with Fort Partners.

Summary of Transaction Details:

• Property Type: Development Site
• Transaction Amount: $41,500,000
• Address: 9163-9165 Collins Avenue, Surfside
• Market: Surfside
• Asset Type: Development Site
• Acres: 0.54

The buyer, Fort Partners, is represented by Nadim Ashi. The acquisition was facilitated by the seller's representative, Wexford Real Estate Investors. Madison Realty Capital served as the lender for this transaction, providing the necessary financing for the purchase.