“These leases underscore how in the retail world, 2021 is going to be the year of mom-and-pop tenants,” Azor said.
Levy and Silberling represented landlords Gateway Park Holdings, LLC and West Atlantic Holdings, LLC in the two new industrial leases.
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The deal is valued at $3,875,000.
The Cushman & Wakefield team of Gian Rodriguez, Wayne Ramoski and Skylar Stein represented seller CDX DEVELOPERS in the land transaction and look to quickly tenant the building, filling a growing need for modern and efficient cold-storage space in South Florida.
The deal completes the second half of a four-building purchase of more than 1 million square feet of leased industrial space.
Transwestern’s South Florida Industrial Team, which includes Thomas Kresse, Walter Byrd, Ben Eisenberg and Carlos Gaviria, will provide leasing services on behalf of owner Principal Real Estate Investors.
The store totals 58,400 square feet and is situated on 7.8 acres.
She will directly oversee all Brokerage operations and service lines in South Florida with a focus on new business development, talent recruitment, talent retention and marketing.
Blackstone intends to create a new office to expand the firm’s in-house technology capabilities with plans to hire more than 200 tech-focused employees in Miami in the coming years.