CBRE Senior Vice President Larry Genet, Executive Vice President Tom O’Loughlin , Executive Vice President Jose Lobón, Vice Chairman Christian Lee and Senior Associate Jake Zebede represented Brookfield Asset Management in the purchase
The report further highlights need for more industrially designated land in the southern portion of Miami-Dade County in order to properly service residents in today’s e-commerce economy.
Colliers’ Mitash Kripalani, Director of Investment Services, represented the seller in the transaction.
The 60,000 square foot warehouse is situated on 2.62 acres of land.
Seagis acquired the property vacant and is actively marketing the property for lease.
Transwestern secured a buyer within one week on the market.
State Street Realty Executive Vice President Ed Lyden led the State Street Realty brokerage team and represented the Landlord, Clarion Partners, LLC.
The planned project is the second of two distribution facilities in Duke Realty’s Miami 27 Business Park in Medley.
Fortuna Real Estate purchased the parcel from Inter Dolphin Property LLC for $3,650,000.
JLL Capital Markets arranged the financing for the distribution, cold storage and office building