Miami-based real estate firm bolsters executive team with experienced industry professional.
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Commercial real estate veterans Todd H. Weaver and Franklin B. Morrison have joined forces to launch Weaver Morrison Commercial Real Estate.
The Silverman Group, based in New Jersey, purchased the site from FLF Holdings and plans to develop the site for large bulk warehouse distribution tenants.
Shane Decker, who oversees Decker Capital, Inc., joint-ventured with a prominent 33-year-old Miami insurance litigation attorney and real estate investor Brett Schlacter and Mindful Capital, an industrial powerhouse operator led by its President, 32-year-old Patrick Carney.
Upon completion, the project will comprise up to 2.5 million square feet of logistics space spread over as many as 13 buildings.
The office portfolio property management contract awarded to JLL is the largest agreement by square footage secured in Florida for 2020.
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The property, which is situated at 942 Northeast First Avenue, will be home to the Legacy Hotel & Residences, a 50-story mixed-use tower with 274 branded residences atop a 256-room hotel.
Marketing materials for the second phase show that nearly 300,000 square feet at two of the future buildings is still available. The third, a 78,377-square-foot project, has been preleased.
Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda and Associate John Mejia represented the landlord, Panattoni Development, and the tenant in the transaction.
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