State-Of-The-Art Motorola R&D Center In Plantation Trades For $48.5 Million
Cushman & Wakefield’s Dominic Montazemi, Mike Davis, Rick Brugge, Rick Colon and Mike Ciadella represented the seller in the transaction.
Cushman & Wakefield’s Dominic Montazemi, Mike Davis, Rick Brugge, Rick Colon and Mike Ciadella represented the seller in the transaction.
The property, situated on 1.58 acres in Miami’s Airport East submarket, sold to a private real estate investor for $11,750,000, equating to $235 per square foot.
The seller, which also occupied the property, is relocating its operations to the Doral Airport West submarket.
Milopoulos and Baena procured the buyer and facilitated a rapid transaction timeline.
The 4-story self-storage building consisting of approximately 749 storage units or 72,920 rentable square feet was developed by the Feldman Companies in 2024.
The project is being marketed for lease by the Berger Commercial’s Jonathan Thiel, Daniel Forman, Keith Graves, and Lawrence Oxenberg.
Andrew Lehrer and Wayne Schuchts with SRS Real Estate Partners, along with Denise Chaimovitz, MA, SIOR of Entre Commercial, represented Setna in the lease negotiations. Devin White, Tom O’Loughlin, and David Albert with CBRE represented the landlord, Dalfen Industrial.
The tenant will occupy the entire 40,838-square-foot Class A, newly constructed warehouse.
Read on for the most popular news headlines this past week on CRE-sources.
The project transformed Ryder System’s former office headquarters into a modern, LEED certified,
326,448-square-foot logistics complex now available for immediate occupancy.
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