Alex Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, exclusively marketed the property on behalf of the seller and procured the buyer.
The deal includes three warehouses totaling approximately 458,000 square feet.
The park offers 344,940 square feet of purpose-built industrial space engineered for the region’s booming distribution and logistics needs.
The portfolio consists of seven fully leased industrial properties totalling 787,728 square feet.
Read on for the most popular news headlines this past week on CRE-sources.
Mike Davis, Dominic Montazemi, Rick Brugge, Rick Colon, and Greg Miller of Cushman & Wakefield represented the seller, Midtown Group, in the transaction. The building was acquired by NorthBridge. Rick Etner, Matthew McAllister, Christopher Thomson, and Chris Metzger of Cushman & Wakefield’s South Florida Industrial Team also supported the sale process.
He will be based in the Miami office and will provide capital markets and structured finance advisory to clients across South Florida and beyond.
The investment firm plans to acquire an additional two to four properties this year.
Adam P. Von Romer, CCIM represented both parties in the transaction.
Read on for the most popular news headlines this past week on CRE-sources.