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SJC Ventures And Nuveen Real Estate Acquire 10-Acre Development Site In Doral For $32M

Property Image
SOLD
$32,000,000
Mark Gilbert
MF

Florida

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Development Site
Sold 07/23/2024
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Property Image
SOLD

SJC Ventures And Nuveen Real Estate Acquire 10-Acre Development Site In Doral For $32M

Development Site
Sold 07/23/2024
Mark Gilbert
MF
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Sale

A 10-acre development site located at Northwest 41st Street & Northwest 107th Avenue in the Doral market was sold for $32 million. The site is planned to accommodate an 89,000-square-foot project anchored by a Whole Foods Market, featuring restaurants, retail, and various service providers.

Summary of transaction details:

Construction of the Doral Marketplace is planned to commence this fall, with the anticipated openings to occur in the second half of the following year. This project reflects a significant investment in the Doral area by SJC Ventures and Nuveen Real Estate.

Players

Mark Gilbert
Cushman & Wakefield
Mark Gilbert
17 deals$632.3M volume(305) 371-4411
BROKER
MF
Koniver Stern Group
Michael Finkle
1 deal$32M volume
BROKER

Details

SOLD
IMAGE: Jeff DeHart, Mark Gilbert, Jeff Garrison, Michael Finkle, Fain Hicks & Mike Sales DATE: 07/23/2024 ADDRESS: Northwest 41st Street & Northwest 107th Avenue MARKET: Doral ASSET TYPE: Development Site ~ ACRES: 10 BUYER: Jeff Garrison, Jeff DeHart & Fain Hicks - SJC Ventures; Mike Sales - Nuveen Real Estate (@Nuveeninv) SELLER: Bridge Industrial (@Bridge_Industrial_FL) BUYER'S REP: Michael Finkle - Koniver Stern Group SELLER'S REP: Mark Gilbert - Cushman & Wakefield (@CushWake) SALE PRICE: $32,000,000 NOTE: SJC Ventures and Nuveen Real Estate purchased a 10-acre development site in Doral for $32 million, planning to build an 89,000-square-foot Whole Foods Market-anchored project. Construction of Doral Marketplace, which will include restaurants, retail, and service providers, is set to start this fall, with openings expected in the second half of next year.

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