Butters Construction Secures Approval For Tamarac Industrial Project
Coast Logistics will replace a former real estate education facility on North Hiatus Road.
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Coast Logistics will replace a former real estate education facility on North Hiatus Road.
The $32 million transaction closed quickly as an all-cash 1031 exchange acquisition, trading at a record price per unit for the submarket and a cap rate below 5 percent.
Alphabet has expanded its presence at 1450 Brickell Avenue from approximately 10,000 square feet to 45,000 square feet, adding another major technology company commitment to Miami’s office market.
The Sunrise deal adds to a series of major industrial transactions completed across Broward County so far in 2026. By late June, industrial sales volume in the county had surpassed $1 billion, reflecting continued investor demand for logistics and warehouse assets throughout the region.
The Cove will rise on the site of a former hotel property, delivering 376 residential units in an eight-story building with structured parking.
The freestanding building was previously home to Stout Bar & Grill.
Originally built in 2002 and renovated in 2025, UNO South Pointe is one of the few ‘Super-Class A’ office properties in the South of Fifth neighborhood.
The company maintains a global corporate presence, with Switzerland and Australia continuing to serve as important business hubs following the opening of the Miami headquarters.
The seven-story Class A facility near I-95 was approximately 67% occupied at the time of the transaction.
He brings more than 15 years of experience advising occupiers, investors, and property owners across the industrial, office, and retail sectors, with expertise spanning tenant representation, site selection, and investment sales.
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