The report further highlights need for more industrially designated land in the southern portion of Miami-Dade County in order to properly service residents in today’s e-commerce economy.
Here are the most popular news headlines this past week on CRE-sources.
New York-based Angelo, Gordon & Co., L.P. (“Angelo Gordon”) and Delray Beach-based Redfearn Capital formed a new programmatic joint venture to acquire value-add industrial properties throughout Florida with a concentration in South Florida.
Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda, along with Managing Director Alan Long, were the sole brokers on the transaction.
The lease deal brings Building G at Davie Business Center, which totals 114,774 square feet, to 100% leased.
The 155,508-square-foot industrial asset sold for $17 million.
Colliers’ Mitash Kripalani, Director of Investment Services, represented the seller in the transaction.
The company will be relocating from its existing space in Hollywood.
The Butters Realty & Management Industrial Brokerage Team represented the interest while Tom O’Loughlin, Executive Vice President with CBRE represented the landlord in the deal.
Here are the most popular news headlines this past week on CRE-sources.