Jeremy Giles & Hien Le Of Constellation Real Estate Partners Acquire Banyan Bay Marine Center For $22.05M

The property involved in this transaction is the Banyan Bay Marine Center, located at 4491 Ravenswood Road, 2257 Southwest 44th Street, and 2275 Southwest 45th Street in the Fort Lauderdale market. This industrial asset spans 11.76 acres and will offer 169,386 square feet of warehouse space. The sale price for this property was $22,050,000, resulting in a price per square foot of $130.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $22,050,000
• Address: 4491 Ravenswood Road, 2257 Southwest 44th Street & 2275 Southwest 45th Street
• Market: Fort Lauderdale
• Acres: 11.76
• Square Footage: 169,386
• Price per Square Foot: $130
• Buyer: Jeremy Giles & Hien Le - Constellation Real Estate Partners
• Seller: John T. Loos III - Banyan Bay Marine Center LLC
• Broker: Lloyd Berger - Berger Commercial Realty

Constellation Real Estate Partners, represented by Jeremy Giles and Hien Le, is set to redevelop the site into the Constellation Airport Logistics Center with facilities that will include 170 parking spaces and 40 dock doors. The completion of this redevelopment is anticipated in the first quarter of 2027, with the seller's interests represented by Lloyd C. Berger from Berger Commercial Realty.