This Class-A industrial complex will feature two LEED-certified buildings totaling 326,448 square feet. The project will be developed on a speculative basis, with vertical construction slated to begin later this year and delivery expected in the third quarter of 2025.
M&M’s Michael Alaoui had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Wayne Ramoski and Ivanna Leitner Perez of Cushman & Wakefield represented GTS in the lease negotiations. George Pino, president of State Street Realty represented Prologis, the landlord.
SJC Ventures, in partnership with Nuveen Real Estate, plans to break ground in fall 2024 on the new development that will comprise an 88,938-square-foot mixed-use center, featuring retail stores, restaurants and service-driven businesses.
Andrew Whitby brokered three separate transactions involving different sellers in a nine-month span.
Excel Construction transformed an empty shell into a first-generation workspace that includes 12,862 sq. ft. of office space, and 253,390 sq. ft. of warehouse/packaging space.
CBRE National Partners’ José Lobón, Trey Barry, Frank Fallon, and Royce Rose represented the seller, New York-based Lightstone in partnership with Mavik Capital, in the transaction.
In their new roles, they will primarily focus on debt and equity advisory across various property types, reinforcing the team’s expertise and regional presence.
He will be responsible for the firm’s Miami, Fort Lauderdale, Boca Raton, and West Palm Beach markets and oversee more than 450 professionals across the South Florida region.
Devin White with CBRE Industrial & Logistics will be leading marketing efforts.