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C-III Capital Partners Leases 37856 Sq Ft To Biorasi At 18851 NE 29th Ave Miami

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LEASED

Florida

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Office37,856 SF
Leased 05/14/2019
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LEASED

C-III Capital Partners Leases 37856 Sq Ft To Biorasi At 18851 NE 29th Ave Miami

18851 NE 29th Ave, Miami, FL, 33180

See Similar Deals
Office37,856 SF
Leased 05/14/2019
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:37,856 SF
Transaction Type:Lease

The property involved in this transaction is an office lease located at 18851 NE 29th Ave, Miami, FL, 33180, within the Miami market. The office space encompasses a total of 37,856 square feet and is part of Harbour Centre, a 217,000-square-foot office building. The lease was signed for a duration of 10 years, valued at $20 million. To accommodate the tenant's needs, early termination of two other tenants was necessitated, which has resulted in the building's occupancy reaching 93 percent.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: $20 million
  • Landlord: C-III Capital Partners
  • Tenant: Biorasi
  • Landlord's Representative: Jonathan Kingsley - Colliers International
  • Tenant's Representative: Jonathan Kingsley and Stephen Rutchik - Colliers International
  • Consultant: Debborah Frank - Golub Cos.

This transaction involved key individuals such as Jonathan Kingsley, who represented both the landlord and the tenant, as well as Stephen Rutchik, who was also a representative for the landlord and tenant. Additionally, Debborah Frank acted as a consultant for Biorasi, bringing her expertise from Chicago-based Golub Cos. to the deal, illustrating the collaborative effort behind this lease transaction.

Players

Jonathan Kingsley
9 deals$36.8M volume
BROKER

Stephen Rutchik
Colliers
25 deals
BROKER

LANDLORD

Details

LEASED
IMAGE: 18851 NE 29th Ave, Miami, FL, 33180 MARKET: Miami LANDLORD'S REP: Jonathan Kingsley(Colliers International) TENANT: Biorasi LANDLORD: C-III Capital Partners SQUARE FEET: 37856

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Deal Type
Effective Rent (Annual)

$2,169,883.08

Total Lease Value

$21,698,830.76

Net Landlord Cash Flow$2,169,883.08