NUC University Florida Technical College Signs Lease For 30000 SF Facility In Cutler Bay

The property involved in this transaction is a mixed-use facility located at 20505 South Dixie Highway in Cutler Bay, with a total square footage of 30,000. The asset is part of a significant redevelopment initiative valued at $1.5 billion, aimed at transforming the area into a mixed-use hub featuring over 5,000 residences, 500,000 square feet of retail, and a 150-room hotel.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: Not specified
• Landlord: Joe Lubeck - American Landmark Apartments; Liat Toledano & Isaac Toledano - BH Group; Craig Delasin & Paul Motta - Urban Retail Properties
• Tenant: James Michael Burkett - NUC University Florida Technical College (NUC FTC)

NUC University Florida Technical College renewed its lease at SouthPlace City Center, consolidating into a new facility as part of ongoing redevelopment efforts. The key individuals in this transaction include multiple landlords representing different organizations and the tenant, James Michael Burkett, who plays a significant role in NUC FTC's expansion plans.