Developers Pouring Slab On 664,176-Square-Foot Class A Industrial Project
The property is expected to be completed in February 2023.
The property is expected to be completed in February 2023.
Butters Realty & Management office team of Caroline Fleischer, Darcie Lunsford and Sky Butters represented the tenant.
Seasoned real estate veteran Scott Sherman has officially launched Torose Equities, a Miami-based real estate investment firm with a value-add urban retail, office and mixed-use strategy targeting the Southeastern United States.
CBRE’s Larry Genet, Tom O’Loughlin, and Noah Ohayon negotiated the sale.
Here are the most popular news headlines this past week on CRE-sources.
The company only plans to use about half of the space to house a showroom and its headquarters, now in Pompano Beach and sublet the other half, subject to the landlord’s approval.
The 159,722-square-foot, 9.2-acre property built in 1989 last sold in 1996 for $7.2 million.
Chris Metzger, Rick Etner Jr., Christopher Thomson, and Matt McAllister of Cushman & Wakefield’s South Florida Industrial Team represented the landlord in the lease negotiations.
The parcels sold for a total of $7 million which, coupled with the recently acquired 1.6-acre riverfront property on 7th Street, brings Newgard’s total land investment to $57.5 million.
Raul Bode and Alexander Bernaldo, SIOR, represented the seller, 6450 Building, LLC and Alex Shather of Politan Real Estate LLC represented the buyer, Rene Hernandez, in the transaction.
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