Berger Commercial Realty’s Jordan Beck Reps Buyer In Off-Market Plantation Industrial Sale
GAL Enterprises of Plantation, LLC sold the unit in an off-market deal.
GAL Enterprises of Plantation, LLC sold the unit in an off-market deal.
“Like any great deal, this one was 5 years in the making. It was an extreme lesson in perseverance,” commented Genet.
The transaction closed June 9 for $9,075,000, or $118 per square foot.
The sales price equates to $193.00 per square foot.
The 10,000-square-foot lease marks another milestone in the company’s continued growth after only three years in the South Florida market.
C&W’s Mike Davis, Rick Brugge, Rick Colon and Dominic Montazemi of Cushman & Wakefield represented the seller in the transaction with support from Zachary Eicholtz and Brooke Tulley.
“We have known Les and Steve for many years and we have a long history and successful track record working together to complete sale and lease transactions due to our close communication, trust and confidence in each other’s abilities,” explained Alan Levy. “It has been such a pleasure to work with both of them again on these recent deals.”
The acquisition increases the company’s South Florida portfolio to 103 buildings totaling over 5.4 million square feet.
“This free-standing, single-user industrial building is a rare find that is in high demand in today’s highly competitive industrial market,” said Etner.
The 92,972-square-foot development site, which is located at 16 SE 2nd St in downtown Miami, is currently home to a parking lot.
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