Fully-Leased Industrial Building Trades For $30M In Off-Market Deal
Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda, along with Managing Director Alan Long, were the sole brokers on the transaction.
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.
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.
The Park has become a prominent hub of healthcare related companies with Memorial Healthcare most recently renewing its lease for 44,832 sq. ft. of IT flex-office space.
Solar Air, an air-conditioning service provider with over 45 years of experience in South Florida, will occupy the new space commencing April 15, 2024.
The showroom and facility will be featured on an upcoming SoFlo Home Project segment.
Berger Commercial Realty/Corfac International Senior Sales Associate Jonathan Thiel and Senior Vice President St. George Guardabassi represented the landlord in the lease deal.
The standalone ±83,200-square-foot building is located within Link’s Miramar I-75 Distribution Center and was most recently occupied by Comcast Corporation.
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