Miami-Dade Distribution Facility Changes Hands
Bank of America purchased the asset on behalf of a client, and JLL will lease the property for the new owner.
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Bank of America purchased the asset on behalf of a client, and JLL will lease the property for the new owner.
Comerica Bank anchors the asset.
The deal marks a 12,000-square-foot expansion.
The multifamily community was constructed in 2016 and features three distinct floor plans averaging 993 square feet.
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The tenant will occupy the space at 6750 NW 79th Avenue in Miami.
“The industrial leasing activity remains solid as we enter 2021,” said Waite. “Now that we’ve rolled out a COVID vaccine in South Florida, I suspect business and consumer confidence will only get stronger providing lots of new opportunity in the commercial real estate market.”
Miami-Dade County’s Office of the Property Appraiser announced on Thursday that it will consider landlords’ financial losses when assessing 2021 fair market values.
The JLL team of Katie Fernandez-Espinosa, Zach Winkler, and Rafael Romero represented MiamiCentral in the lease negotiations.
The acquisition increases the company’s South Florida portfolio to 101 buildings totaling over 5.2 million square feet.
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