NAI Miami Brokers Sale Of Medley Industrial Site
The property was acquired by Miami-based structural shell contractor Tekton Construction Corporation.
The property was acquired by Miami-based structural shell contractor Tekton Construction Corporation.
Longpoint was represented by Jose Sasson-Lerner and Roberto Susi of Axiom Capital Advisors. Ralph Merritt of Commercial Property Group represented the seller in the off-market transaction.
“This is truly a full-circle moment for me,” said Rodriguez. “To think I was part of the original industrial team that helped with the land assemblage, marketing, and leasing of Kurv’s first Miami-Dade assets more than a decade ago, to now leading the firm’s Miami market, I feel like I’ve come home.”
The transaction was led by NAI Miami’s Robert Eckstein and Craig Merlin, who represented the landlord.
The deals will keep two buildings fully occupied while extending tenant commitments into 2035.
The warehouse project was built in 2022 for a joint venture between Orlando-based Cadence Development Partners and New York-based Clarion Partners.
Stream Managing Directors & Executive Vice Presidents Steve Medwin and Nick Wigoda represented both the landlord and the tenant in the transaction.
Transwestern’s Carlos Gaviria and Walter Byrd represented the owner, Link Logistics, in the transactions, which range from 27,086 to 61,724 square feet.
The portfolio totals nearly 300,000 square feet and is over 90% occupied.
A county-owned site in northwest Miami-Dade could be transformed into a large-scale development combining warehouse space, affordable housing, retail, restaurants and recreational amenities.
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