McCraney Property Company Sells Small-Bay Industrial Portfolio
The portfolio sold for $49 million.
The portfolio sold for $49 million.
The company acquired 17 industrial buildings totaling approximately 760,000 square feet of space and 23 acres of developable land in 20 separate transactions.
Transwestern’s Carlos Gaviria, Walter Byrd, Ben Eisenberg and Thomas Kresse represented the tenant in the transaction.
Combined, the entities have a primary market area that covers all of south and southwest Florida with a combined 4 offices.
Here are the most popular news headlines this past week on CRE-sources.
Fuse Specialty Appliances expanded from 18,650 square feet in Building F to 51,837 square feet into the newly constructed Building H.
Known as South Florida Logistics Center 95, the park is expected to lure tenants from nearby Palm Beach and Broward counties due to competitive rent rates, a cheaper cost of living for workers and a world-class logistics and transportation network that places users within three hours of 70% of the state’s population.
CBRE’s Mike Oretsky, Tom O’Loughlin, and Larry Genet and Berger Commercial’s Jonathan Thiel and Keith Graves represented the tenants in the lease deals.
The purchase price amounts to $234 per square foot.
The building is located adjacent to Soho Studios, a 45,000-square-foot creative event space, on a 68,000-square-foot lot located at 2136 NW 1st Ave, which is also owned by The Faith Group.
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