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.
Upon completion, the project will comprise up to 2.5 million square feet of logistics space spread over as many as 13 buildings.
Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda and Associate John Mejia represented the landlord, Panattoni Development, and the tenant in the transaction.
Located near the intersection of Florida’s Turnpike and U.S. 27, and close to Interstate 75, Midpoint Miami Logistics Park will provide next-generation industrial space in a market responding to intense demand spurred by the uptick in ecommerce during the COVID-19 pandemic.
Brookfield paid $216 per square foot for another distribution warehouse in Doral in June. CLICK ON THE HEADLINE FOR MORE
State Street’s Frank Trelles, SIOR represented the buyer in the transaction. CLICK ON THE HEADLINE FOR MORE
DiGiacomo’s Stephen J. DiGiacomo, Roger Zuniga and Patricia Marquez represented the seller in the transaction. CLICK ON THE HEADLINE FOR MORE