CBRE Arranges $52.8 Million Sale Of 171,000 SF Industrial Property
This deal marks one of the largest user purchases in recent history.
This deal marks one of the largest user purchases in recent history.
The portfolio was 91% occupied at the time of sale with 21 tenants.
Before joining Colliers, he served as a Director within Cushman & Wakefield’s Corporate Advisory Group.
The portfolio consists of two separate industrial parks, each featuring two dock-high front-load small bay warehouses.
Both professionals will report to Chris Drew, Senior Managing Director and Miami Office Head.
The 689,940-square-foot portfolio consists of 20 warehouse buildings located in the Medley submarket.
The loan was arranged by Steve Roth, Bill Jurjovec and team at CBRE’s Debt & Structured Finance group.
JLL Capital Markets led the sales efforts for the 371,000-square-foot light industrial portfolio adjacent to Miami International Airport.
Corebridge acquired the property from Longpoint Partners for $43.5 million.
The tenant currently occupies 50,328 square feet and renewed and expanded for an additional 37,500 square feet for a total of 87,828 square feet.
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