Week of August 25, 2011
FDOT
Work Program,
Public Hearing
DOLLARS AHEAD: Boca Raton-based 1st United Bank has sold a 14,500-square-foot building at 1450 NE 123rd St. in North Miami to Lease Florida LLC, an investor that owns more than 600,000 square feet of properties in South Florida, for an undisclosed price. The Family Dollar Retail Center, which is advertised as newly renovated, is anchored by a 9,000-square-foot Family Dollar Store two blocks west of US 1. Brenner Real Estate Group's Helen Weissman and Jim Tisdale represented the bank in the deal; Lease Florida represented itself. KEY BRIDGE: Improvements on the Brickell Key Bridge and modifications to turn lanes from Southeast Eighth Street on Brickell Key onto Brickell Avenue should be done within five weeks, Albert Sosa, City of Miami capital improvements director, wrote via e-mail. The $1.8 million stimulus-funded project includes repairing and reconstructing damaged concrete structural elements, the concrete driving surface and barriers separating traffic. "The primary focus of the bridge project was to repair structural issues inherent in a concrete structure that is so close to salt water," he wrote. "These repairs extend the service life of the bridge." As for Southeast Eighth Street on Brickell Key approaching Brickell Avenue, he wrote, "The turn lanes are being modified to increase traffic capacity." FLEXING ITS MUSCLES: PS Business Parks Inc., a Glendale, CA, company that owns 21.8 million rentable square feet, has acquired a 45,500-square-foot building consisting of office and warehouse space within its Miami International Commerce Center at Northwest 82nd Avenue and 14th Street in Doral for $3.5 million. The building is one-third occupied. With the acquisition, PS now owns 3.3 million square feet in Miami with an overall 96.2% occupancy. Complete coverage, including The Insider and all information columns, is available in the e-edition. Sign up at www.miamitodaynews.com |
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