Phase I of the highly successful logistics park totals 1.1 MSF and is fully leased; Phase II totals 1.6 MSF of Class-A industrial space and will be delivered in 3Q 2023.
E-commerce continues to spur demand for well located, fully-secured trailer/fleet parking lot assets across South Florida.
For the past 33 years, he has operated a successful brokerage and property management company.
In this highly competitive industrial real estate sales market, the buyer signed the purchase and sales agreement and closed the same day.
The to-be-built warehouse will total 174,348 square feet.
The property was the former headquarters of the family-owned and operated Rex Discount.
The company announced the start of the 501,224-square-foot speculative development at 10300 NW 121st Way in Medley in May 2021. The building is now 100 percent leased.
This marks the fourth time winning this prestigious honor from NAIOP’s South Florida Chapter in the past six years.
The five commercial real estate transactions were all completed throughout the South Florida area in January, February and March by Vice President Frank Trelles, SIOR and Sales Associate Jason Gonzalez.
An industrial real estate veteran with 30 years of experience was tapped to lead the new venture.