Tuesday, December 27, 2011

Real Estate Review - South Florida Business Journal:

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million. The lure for potential buyersw is that the buildingd are 100 percent leased and come with financing already in placw that a new ownercan inherit. The buildingss total nearly 240,000 square feet and include 540Gallatibn NW, 7501 Meridian NW and 7401 Snaprol l NE, the latter an office building among Brunacini’s Journal Center (Jefferson/Paseo del Norte projects. The tenants in the Westside buildings include blue chip client Kellogg’s. The buildings date from 2004 and 2005 and have attractedconsiderablee interest, said Patti Peixotto, who has the listing as part of investment team.
“There are not a lot of high-quality new buildings on the marketthat don’t need new A lot of new buyers into this market want to but need quantity. This is a chancw to acquire nearly 250,000 squard feet,” Peixotto said.

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