Bank of America purchased the asset on behalf of a client, and JLL will lease the property for the new owner.
The tenant will occupy the space at 6750 NW 79th Avenue in Miami.
“The industrial leasing activity remains solid as we enter 2021,” said Waite. “Now that we’ve rolled out a COVID vaccine in South Florida, I suspect business and consumer confidence will only get stronger providing lots of new opportunity in the commercial real estate market.”
The main event will be Wednesday, January 13th from 9 am to 12 noon via Zoom.
The Cushman & Wakefield team of Gian Rodriguez, Wayne Ramoski and Skylar Stein represented seller CDX DEVELOPERS in the land transaction and look to quickly tenant the building, filling a growing need for modern and efficient cold-storage space in South Florida.
The deal completes the second half of a four-building purchase of more than 1 million square feet of leased industrial space.
Transwestern’s South Florida Industrial Team, which includes Thomas Kresse, Walter Byrd, Ben Eisenberg and Carlos Gaviria, will provide leasing services on behalf of owner Principal Real Estate Investors.
Americas Commercial was also able to expand its sales and support team.
The 136,000-square-foot building is fully occupied under a long-term lease to a national provider of packaging products and services.
The industrial-zoned property is located directly south of the Cemex concrete plant at 1200 N.W. 137th Ave.