CBRE Arranges Largest Industrial Lease In Florida Year-to-Date With Whopping 1MSF+ Deal
Robert Smith, Kirk Nelson, Jeff Kelly, David Murphy and Monica Wonus with CBRE represented the landlord in lease negotiations.
Robert Smith, Kirk Nelson, Jeff Kelly, David Murphy and Monica Wonus with CBRE represented the landlord in lease negotiations.
Colliers Executive Vice President Michael Falk and Associate Jonathan Temple represented the landlords, JBL Asset Management and Avenue Property Group, and the tenant, Heritage Flooring, in the deal.
Redfearn Capital currently owns over 4.5 million square feet of industrial properties in the Southeast.
The two-building, 74,103-square-foot industrial asset sold for $12.4 million.
The Class A industrial portfolio is comprised of three buildings totaling 197,608 square feet.
Foundry and Wheelock plan to redevelop the 125,281-square-foot campus into Egret Point Logistics Center, a planned 457,000-square-foot industrial project that was approved by the Boynton Beach City Commission last month.
Owner and commercial real estate developer The Easton Group hired Excel Construction to develop warehouses and offices on nine acres of land at 1463-1481 Dr. Martin Luther King Jr. Boulevard, along the Florida East Coast railroad tracks.
Lee & Associates South Florida Principal Greg Milopoulos and Vice President Christian Baena successfully brokered the $4.07 million sale.
The prestigious honor was awarded for the fifth time, cementing Bridge’s SoFlo legacy.
At 1.1-million square feet, Building 1 at the complex is the largest speculative building in Southeast Florida.
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