Invicta watch exec buys industrial site in Hollywood

Seller proposed 97,000 sf industrial facility

Miami /
Jun.June 29, 2018 12:30 PM

Eyal Lalo, site plan renderings for 3080 Sheridan Street (Credit: Hollywood and Getty)

A company tied to Invicta Watch Group’s president and chief executive Eyal Lalo just bought land in Hollywood and scored construction financing to build a planned industrial facility, property records show.

The 6.4-acre site at 3080 Sheridan Street traded for $7.5 million, or about $27 per square foot. It sits near the Sheridan Street Tri-Rail Station and I-95. City National Bank is providing the $7.5 million loan.

The seller, 3080 Sheridan Partnership, is led by Jocelyn Vinet and Graitien Prolux. In 2016, the company submitted a site plan to build a 97,000-square-foot facility, with about 9,400 square feet of office space. The seller paid $3.75 million for the site in 2014.

The watch brand, founded in Switzerland and based in Hollywood, Florida, has more than 30 collections, according to its website. Brand names under its umbrella include Invicta, TechnoMarine, S. Coifman and Glycine. More recently, the company partnered with former American football defensive end and outside linebacker Jason Paul Taylor of the Miami Dolphins.

A wave of new projects are in the pipeline in Hollywood. Ram Realty Services and Pinnacle Housing Group recently sold a nearby apartment complex they developed for $90.3 million.


Related Articles

arrow_forward_ios
Cortland Partners CEO Steven DeFrancis and 1900 to 2300 North 29th Avenue, Hollywood (Google Maps)
Cortland pays $92M for Hollywood apartment complex
Cortland pays $92M for Hollywood apartment complex
Robert Suris and a rendering of the project
Hollywood approves downtown demolition, paving way for mixed-use apartment project
Hollywood approves downtown demolition, paving way for mixed-use apartment project
Todd Jones and Albert Banalloun, with a rendering of the project (Credit: Fisher Architects)
Hollywood Publix with boat dock advances
Hollywood Publix with boat dock advances
Josh Zegen of Madison Realty Capital and 777 North Ocean Drive, Hollywood (Google Maps)
Madison Realty closes on Costa Hollywood Beach condos for $43M
Madison Realty closes on Costa Hollywood Beach condos for $43M
Jorge Perez and Apogee Beach
Jorge Pérez lists Apogee Beach penthouse for $7.6M
Jorge Pérez lists Apogee Beach penthouse for $7.6M
Hollywood East and Vivian Dimond
Former H3 Hollywood rental tower lands $58M refi ahead of completion
Former H3 Hollywood rental tower lands $58M refi ahead of completion
The Hollywood waterfront home
Hollywood waterfront home sale sets new record for the city
Hollywood waterfront home sale sets new record for the city
Related Group Senior VP of Development Bill Shewalter and a site plan of the project (Related Group)
Related plans low-rise multifamily project in Hollywood
Related plans low-rise multifamily project in Hollywood
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...