Butters Named Developer Of The Year At SFBJ’s 2022 Structures Awards
The firm, led by CEO Malcolm Butters, has been involved in developing industrial projects totaling 5 million square feet with a value of over $1 billion.
The firm, led by CEO Malcolm Butters, has been involved in developing industrial projects totaling 5 million square feet with a value of over $1 billion.
The portfolio is comprised of 20 buildings
SMITH Commercial Real Estate Group intends to expand in market share and relationships and become the premiere boutique industrial and commercial real estate brokerage in South Florida.
The industrial fund intends to identify and make investments over the next 24 months with various operating partners.
Gridline Properties represented both sides of the off-market transaction, marking one of the highest price-per-square-foot industrial trades in Palm Beach County.
A partnership between Ft. Lauderdale-based Mitchell Property Realty, Inc. and Atlanta-based Ridgeline Property Group acquired the property and plan on developing a 227,000-square-foot spec office, warehouse, distribution facility located inside Westlake Landings, a 50-acre master-planned business park located off Seminole Pratt Whitney Rd.
For the past 33 years, he has operated a successful brokerage and property management company.
The final sale price was $22 million, equating to $155 per square foot.
This marks the fourth time winning this prestigious honor from NAIOP’s South Florida Chapter in the past six years.
JLL Executive Managing Director Sky Groden, Vice President Evan Christiansen, and Vice President Jeremy Cain, will be leading leasing efforts on behalf of the building owner.
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