CBRE Capital Markets Arranges Sale Of 156,200 SF Last-Mile Industrial Portfolio In Miami
The portfolio consists of two separate industrial parks, each featuring two dock-high front-load small bay warehouses.
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The portfolio consists of two separate industrial parks, each featuring two dock-high front-load small bay warehouses.
Savills Managing Director Michael Wernick, along with Senior Managing Directors Lawrence Epstein and David Browne, represented the tenant in the transaction.
Joe Freitas and John Criddle of CBRE are handling office leasing at The Eclipse on behalf of the development partnership. The law firm was represented by Greg Katz, Carlyle Coffin and Shay Pope of Stream Realty Partners.
Colliers Vice Chair Stephen Rutchik, Vice Presidents Tom Farmer and Ana Paula, and Associate Vice President Jake Freeman will represent the new landlord.
Rivr Lofts, completed in November 2024 and currently 65% leased, offers a mix of studios, one- and two-bedroom residences averaging 649 square feet across 231,113 rentable square feet.
If finalized, this would mark the largest office sale in South Florida so far this year.
Read on for the most popular news headlines this past week on CRE-sources.
The property consists of 29,331 square feet of retail space and a 35,000-square-foot self-storage facility with 419 units.
The Newmark team, led by Senior Managing Director Jeremy Hakala and including Managing Director Matt Himmelsbach and Director Brandon Shores, will lead leasing efforts on behalf of ownership.
The project includes replacing approximately 600 feet of existing seawall and 1,000 feet of floating docks, two new pre-engineered metal buildings, a state-of-the-art ship store, 8,999 square feet of retail office space and 9,724 square feet of work bays to meet member needs.
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