Cushman & Wakefield Arranges Sale Of Doral Office Property
Wayne Ramoski, Mark Gilbert and Miguel Alcivar of Cushman & Wakefield represented the selling partnership in the transaction.
Wayne Ramoski, Mark Gilbert and Miguel Alcivar of Cushman & Wakefield represented the selling partnership in the transaction.
The San Francisco-based real estate investment trust scooped up the one-story building at 9700 Northwest 112th Avenue in an unincorporated area of Miami-Dade County from TracFone Wireless.
As a boutique firm, Movement CRE stands out by delivering highly personalized, data-driven commercial real estate services that meets the evolving office, industrial, and retail needs for both occupiers and property owners across South Florida.
The JLL brokerage team of Managing Director Peter Sheridan, Senior Associate Yuri Quispe, and Associate Peter Johnston, will spearhead leasing efforts.
The deal brings Countyline Corporate Park Phase IV Building 33 to 67% pre-leased.
Seventy percent of funds will be allocated to industrial properties in Florida, the Carolinas, Tennessee and Georgia, and the remainder will be divided equally between Florida office and medical office buildings.
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.
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