Olshan Represents TriStar Capital in Purchase of Wynwood Property for Office Tower Assemblage
The Real Deal and The Next Miami reported that Olshan client TriStar Capital and partner RAL Development acquired $13 million worth of property needed to complete an assemblage for office towers in the Miami neighborhood of Wynwood. The two firms are planning and developing a $200 million Class A office project. David Edelstein, the President at TriStar Capital, announced that the partnership will be breaking ground in approximately six months on a 300,000 square foot office space that will be, “the most technologically advanced office campus in Miami for the leading companies of tomorrow.” Edelstein said that TriStar Capital and RAL will finance the project with a construction loan and build the two-tower project simultaneously. Real estate partner Eric Goldberg represented TriStar Capital in connection with the joint venture, the acquisition of the south parcels and the north parcels, with assistance from Martin Cooper on the joint venture.