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Newmark brokered the most recent sale, which was financed with a $29.75 million loan from Synovus Bank. The property recently underwent a $6 million renovation.
South Florida Business Journal An affiliate of JBL Asset Management has bought Pinecrest Town Center, a 96,075-square-foot office and retail complex in Pinecrest, Fla., for $42.5 million, or $442.36/sf. The Hollywood, Fla., company purchased the property from a venture of ...
The complex was 83 percent occupied at the end of last September. The Limestone/Orion venture has assumed a $22.4 million mortgage against the property that's securitized through JPMBB Commercial Mortgage Securities Trust, 2015-C29. The loan amortizes on a 30-year schedule ...
A venture of Limestone Asset Management and Orion Real Estate Group has paid $32 million, or $339.80/sf, for the Pinecrest Town Center, a 94,175-square-foot mixed-use property in the Miami suburb of Pinecrest, Fla. The venture - both Limestone and Orion ...
91 percent leased. JPMorgan Chase Bank provided $23.53 million of debt for the purchase.
The mixed-use property has 60,484 sf of retail space and 28,911 sf of office space
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