Miami

The transaction was funded by a New York City-based real estate hedge fund.

In conjunction with the purchase, TA Realty has hired Avison Young as the exclusive leasing, property management, and project management firm for the 15-story, 146,202-square-foot, multi-tenant, class A office building.

TD Bank provided developer Blue Sky Communities of Tampa, FL with a $22-million construction loan and a $20.3 million equity investment through the purchase of Low-Income Housing Tax Credits from TD's Community Capital Group for its Preserve at Sabal Park project.

The 12|12 Aventura project featuring a food hall, retail space, medical offices and senior living residences will break ground later this year.

For the past six years, Transwestern has provided investment advisory services to Sumitomo Corporation of Americas including sourcing, property evaluations, operational assessments and market assessments.

The newly developed property was sold by AC Packer West, which was represented in the transaction by CBRE's Joe Ayers, Cliff Taylor and Shelton Granade. The deal calculated out to $211,333 per unit.

Designed by internationally-recognized architectural firm Arquitectonica, One Island Park will generate more than $2.9 million in annual tax revenue to the city on a parcel that currently generates $10,500 a year in taxes.

Upon completion, the park will be the largest rail-served industrial mixed-use logistics park in the Midwest, and one of the largest in the country.