Built on 2.6 acres, the new 7,800-square foot facility is nearly 6.5 times larger than the 950-square foot space it has maintained since opening in 1992. The center will house recuperating animals and provide education, with a rooftop terrace to host events and workshops.
The report further highlights need for more industrially designated land in the southern portion of Miami-Dade County in order to properly service residents in today’s e-commerce economy.
The CRE-sources staff will (once again) be taking the next week to relax and recharge. (We’re just making up for 2020.) We won’t be posting (we know, we know… we’re gonna miss you too!), but we’ll be right back at ya on Monday, June 21st with the latest real estate news!
Here are the most popular news headlines this past week on CRE-sources.
Transwestern Senior Managing Directors John Bell and Kevin Markwordt arranged the disposition on behalf of the undisclosed seller.
Ronald Meyerson, P.A, Senior VP of Multifamily Sales with Cedano Realty Advisors, represented the buyer, The Lynd Company in the purchase.
Phase I of the project was completed in 2020 and experienced rapid leasing velocity through the pandemic and is currently 99% occupied. Phase II is under construction and scheduled for completion in 2022. Upon completion, the project will total 401 units.
Located at 3601 North Miami Avenue in Miami, the site sits at the gateway of three of Miami’s three most dynamic, high-growth districts: Miami Design District, Midtown Miami, and Wynwood.
The project spans across nine waterfront acres.
The tenant now occupies the building’s first and second floor spanning over 95,000 square feet of office space, accounting for the majority of the building.