B6’s Steven Sperandio negotiated the deal along with Matt Shatz, while Citi’s Eric Mirvis led the senior loan on behalf of the lender.
The parcel at 87 Wythe Avenue is a combination of a 37,000-square-foot renovated retail space and 22,400 square feet of vacant land, which could give way to a 53,000-square-foot building.
The site, at 251 Flagler Street, comes with massive redevelopment potential, opening up the path for a buyer to potentially construct a 2.6 million-square-foot project.
At B6 Real Estate Advisors, real estate is more than a business. It’s considered an art and a science, too.