Marin Eljaiek & Lopez Serves As Counsel In Three Large Real Estate Transactions

Leading Miami Law Firm Marin Eljaiek & Lopez has bolstered its reputation for commercial Real Estate transactional Work

MIAMI, FL – Marin Eljaiek & Lopez announced today its participation as legal counsel in three large commercial real estate transactions, totaling over $25 million in the months of May and June.

“We are thrilled to have participated in these exciting transactions, all of which represent quality commercial real estate in diverse areas across our state,” said Santiago Eljaiek III, the name partner of the firm that heads its real estate department. “Our constant aim is to secure the best deal on behalf of our clients and work with them and the opposing side towards a smooth closing within the expected timeframe.”

The deals in question included:

1. The Park at Kensington Apartments:
PROPERTY: a 204 unit multi-family apartment complex located at 6218 Watermark Drive, Riverview Florida 33569
SELLER: Watermark Associates, LLC (an entity primarily owned by a Fund established and controlled by The Praedium Group), represented by Greenberg Traurig, LLP
BUYER: Kensington Property Holdings, LLC (affiliated with Blue Rock Partners, LLC), represented by Marin, Eljaiek & Lopez, P.L.
PRICE: $17,250,000

2. Woodside Apartments:
PROPERTY: a 208 unit multi-family apartment complex located at 900 Woodside Circle, Kissimmee, Florida 34741
SELLER: Federal Home Loan Mortgage Corporation (Freddie Mac) represented by in-house counsel and Lowndes, Drosdick, Doster, Kantor & Reed, P.A.
BUYER: Woodside Property Holdings, LLC (an entity affiliated with Blue Rock Partners, LLC and Aztec Group) represented by Marin, Eljaiek & Lopez, P.L. and Adams, Gallinar, P.A. as co-counsel
PRICE: $5,400,000.00

3. 3800 NE 1st Avenue, Miami:
PROPERTY: a municipal parking garage located at 3800 NE 1st Avenue, Miami, Florida 33137
SELLER Off-Street Parking of City of Miami (Miami Parking Authority), represented by Marin, Eljaiek & Lopez, P.L.
BUYER MDDA Garage, LLC, represented by Bilzin Sumberg, LLP
PRICE: $3,500,000.00

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