$29.5 Million Acquisition of Prime Coconut Grove Real Estate

Connecticut-based private equity firm
Representation of Connecticut private equity firm regarding the formation and negotiation of a joint venture between Miami-based private equity firm and Miami-based real estate investment firm to acquire a $29.5 million nine-story office building in a prime location on Coconut Grove's rapidly transforming bayfront, which is set for a major makeover with a new park, restaurants, marina, and promenade. The joint venture orchestrated the property acquisition in an all-cash, off-market deal.
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Alan D. Axelrod

Alan D. Axelrod

Partner
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Experience
Representation of Lennar Corporation in the formation of Lennar Multifamily Venture (LMV), an equity fund/joint venture sponsored and managed by Lennar Multifamily Communities with global sovereign and institutional investors. The venture, with initial equity commitments of $1.1 billion, targets inv...
Experience

Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Mi...

Experience
Representation of GPA-I, LP of Memphis, TN, owner of the former United States Southern Command headquarters facility and property, regarding leasing of office building and selling of adjoining land in Doral to the Miami Herald Media Company for the Herald's new headquarters and printing/production f...
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