SeaVee Boats sells Medley HQ for $51M in leaseback deal

SeaVee Boats will stay anchored in Medley after selling its global headquarters to Sagard Real Estate for $51 million. An affiliate of Denver-based Sagard, led by Mark Bigarel, acquired the boat showroom and manufacturing complex at 11081 Northwest South River Drive, records and real estate database Vizzda show. The buyer financed the purchase with a $30.6 million loan from BMO Bank. The transaction breaks down to $273 per square foot for three warehouses spanning 186,400 square feet.  SeaVee, led by Moises Rodriguez, Ralph Torres and Ariel Pared, signed a 10-year lease with four five-year renewal options, Vizzda states.  Avison Young’s […]

This article originally appeared on The Real Deal. Click here to read the full story.