The Miami office, focused on multifamily/mixed-use, multitenant retail, and single tenant net lease property sales, will be led by Managing Director, Kirk Felici, who has more than 20 years of commercial real estate experience.
Butters Construction & Development and Greystar will develop Miami Midway Park, a 45.1-acre site at NW 97th Avenue and NW 170th Street in Hialeah Gardens.
State Street Realty Vice President Frank Trelles, SIOR, and Armando Romero of Broker Nation represented the buyer.
Designed by RLC Architects and Jackson Liles Architecture, the three-story building has a host of features found in few warehouses.
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.