Longpoint was represented by Jose Sasson-Lerner and Roberto Susi of Axiom Capital Advisors. Ralph Merritt of Commercial Property Group represented the seller in the off-market transaction.
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“This is truly a full-circle moment for me,” said Rodriguez. “To think I was part of the original industrial team that helped with the land assemblage, marketing, and leasing of Kurv’s first Miami-Dade assets more than a decade ago, to now leading the firm’s Miami market, I feel like I’ve come home.”
The sale marks a nearly 490% gain in value over 14 years. The property last sold in 2012 for $3.9 million.
The transaction was led by NAI Miami’s Robert Eckstein and Craig Merlin, who represented the landlord.
The deals will keep two buildings fully occupied while extending tenant commitments into 2035.
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He brings more than 20 years of experience across the public and private sectors spanning real estate development, land use and zoning, urban planning, acquisitions and dispositions, asset management, and public-private partnerships.
The shallow bay industrial center is envisioned as a four-phase development that will ultimately deliver approximately 552,000 rentable square feet of industrial space, making it one of the most significant industrial projects underway in St. Lucie County.
The warehouse project was built in 2022 for a joint venture between Orlando-based Cadence Development Partners and New York-based Clarion Partners.