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

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.