Holland & Knight partners Alberto Hernandez, Elena Otero, and associate Faisal Kraziem in Miami.
A salmon farm near Homestead secured $210 million in new financing, closing the transaction with help from a Holland & Knight legal team working during the coronavirus pandemic.
Atlantic Sapphire USA LLC is the U.S. arm of Norway's Atlantic Sapphire AS, which pioneered an inland fish-farming method that it's bringing to an 80-acre farm northwest of Southwest 272nd Street and 217th Avenue in unincorporated Miami-Dade County.
Atlantic Sapphire is constructing the project in four parts starting with a 390,000-square-foot facility to produce 22 million pounds of salmon a year. Construction completion and the first harvest are expected in the third quarter as Atlantic Sapphire USA already has hatched and is farming 3 million salmon.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
