Newmark Facilitates Off-Market Sale Of 191K SF Industrial Property
Newmark was the sole broker in the transaction, with Executive Managing Directors Steve Medwin and Nick Wigoda facilitating the sale.
Newmark was the sole broker in the transaction, with Executive Managing Directors Steve Medwin and Nick Wigoda facilitating the sale.
Here are the most popular news headlines this past week on CRE-sources.
The 134,267-square-foot warehouse is ready for tenant buildouts and can support many large operations.
Peter “PJ” Apol and Ryan Goggins of Sunbeam Properties & Development represented the Park in the transactions, with Bob Banks of R.W. Banks Real Estate and Audley Bosch of JLL representing tenants.
15430 Corporate Road North features 40’ clear heights, 60’ speed bays, 43 dock high doors, 2 drive-in doors and 136’ truck courts. The property also offers ample surface parking, including 26 trailer parking spaces.
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.
Prior to joining Lee & Associates South Florida, he served as Senior Associate at Apex Capital Realty and worked closely with CBRE, managing a national bank portfolio spanning three states and 150 locations.
The purchase price translates to $230 per square foot.
Here are the most popular news headlines this past week on CRE-sources.
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