Forman Capital Finances Construction Of Homestead Warehouse Project
Located at the corner of SW 336th Street and SW 142nd Avenue, the project, known as Racetrack Toy Collection, comprises two single-story buildings totaling 69,681 square feet.
Located at the corner of SW 336th Street and SW 142nd Avenue, the project, known as Racetrack Toy Collection, comprises two single-story buildings totaling 69,681 square feet.
Colliers Vice Chairman Jonathan Kingsley represented the tenant, Seaboard Marine, in the transaction. JLL Executive Managing Director Brian Smith represented the landlord, Prologis, in the lease renewal.
Jake Zebede and Kevin Gonzalez of Trustone Advisors, played a pivotal role in the deal.
Will Falero, President with Pro Industrial LLC, represented both the buyer and seller in the transaction, which closed January 10.
Over the past decade, he has built his career as a market-leading brokerage professional specializing in industrial landlord and tenant representation and has completed industrial sale and lease transactions valued at more than $2 billion.
David Wigoda, SIOR with CBRE Capital Markets represented the seller in the transaction.
Frito Lay will remain as a tenant for the time being but is planning to relocate to a larger facility in the near future.
The 312,103-square-foot facility is leased to food logistics company FreezPak.
The portfolio totals 138,979 square feet.
The e-commerce fulfillment center secured a 124,000-square-foot warehouse and office facility.
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