Cushman & Wakefield Arranges New 95,000-SF Lease At Midpoint Logistics
Wayne Ramoski, Skylar Stein, and Ivanna Leitner Perez of Cushman & Wakefield represented Dalfen Industrial in the lease negotiations.
Wayne Ramoski, Skylar Stein, and Ivanna Leitner Perez of Cushman & Wakefield represented Dalfen Industrial in the lease negotiations.
The lease was facilitated by Berger Commercial Realty/CORFAC International’s Senior Vice President Keith R. Graves, CCIM, SIOR, and Vice President Lawrence Oxenberg, who represented Solotech in this transaction.
The building has been 70% pre-leased to a cruise ship industry provider of non-perishable food items and food service supplies commencing with building completion and tenant build-out, expected to be in the third quarter of 2025, and expiring February 2033.
Newmark was the sole broker in the transaction, with Executive Managing Directors Steve Medwin and Nick Wigoda facilitating the sale.
The 134,267-square-foot warehouse is ready for tenant buildouts and can support many large operations.
A real estate fund managed by Ares Management purchased the portfolio from a joint venture (JV) partnership between Greystar and Butters Construction & Development.
This acquisition marks the firm’s second significant investment in Doral, following the recent groundbreaking of Bridge Point Doral, a project set to encompass over 2.6 million square feet of Class-A industrial space at full build out.
The purchase price translates to $230 per square foot.
JLL Capital Markets arranged the financing for the 210,000-square-foot portfolio.
Building 39 of Terreno Realty Corporation’s Countyline Corporate Park, which is 100% leased to one tenant, is a 178,000-square-foot, 36-foot clear height industrial distribution building on 10.9 acres with 58 dock-high and two grade-level loading positions and parking for 156 cars.
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