Cushman & Wakefield’s Donna Korn and Beau Ladwig represented the landlord, YMP Real Estate Management, in the lease negotiations. Matt Avelar of Warehouse Realty represented Conversion Media Group.
Gian Rodriguez, Wayne Ramoski, and Skylar Stein of Cushman & Wakefield will oversee leasing efforts for both speculative and build-to-suit development on behalf of the developer and owner, Bridge Industrial.
The transaction equated to $176,944 per unit.
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All Florida Paper will occupy the entire 226,698 square foot building.
The office building is nearly 70 percent leased ahead of its late-2022 completion.
The project will cater to a variety of tenant space needs with planned buildings ranging from 165,000 to 900,000 square feet. The first building is set to be delivered in late 2023.
Cushman & Wakefield’s Brian Gale, Andrew Trench, and Ryan Holtzman represented the landlord, Nuveen Real Estate, in the lease negotiations and Transwestern’s Glenn H. Gregory represented the tenant.
The assemblage includes three free-standing warehouse buildings totaling 28,306 square feet of renovated industrial/flex space on a 41,026-square-foot lot in the heart of Miami’s Little River Business District.
The Buyer, Pelican Bays LLC, also appointed Levy Realty Advisors exclusivity to manage and lease the property, which is currently occupied by approximately 120 tenants.