Butters Industrial Team’s Conte, Ahearn, And Hotz Negotiate $15 Million Sale Of Class A Industrial Building
The sales price equates to $193.00 per square foot.
The sales price equates to $193.00 per square foot.
The JLL brokerage team of Katie Fernandez-Espinosa, Vice President of Retail Advisory Services, and Rafael Romero, Senior Vice President of Retail Advisory Services, will be spearheading the retail and office leasing at the property on behalf of the ownership group Dubner Properties.
The 10,000-square-foot lease marks another milestone in the company’s continued growth after only three years in the South Florida market.
The office building represents McGuire Development Company’s first Southeast Florida acquisition.
C&W’s Mike Davis, Rick Brugge, Rick Colon and Dominic Montazemi of Cushman & Wakefield represented the seller in the transaction with support from Zachary Eicholtz and Brooke Tulley.
Plans for the parking lot include a 12-story, 100,000 square foot Class “A” office tower on top of structured parking.
The properties comprise 656 units.
The acquisition increases the company’s South Florida portfolio to 103 buildings totaling over 5.4 million square feet.
“This free-standing, single-user industrial building is a rare find that is in high demand in today’s highly competitive industrial market,” said Etner.
The 92,972-square-foot development site, which is located at 16 SE 2nd St in downtown Miami, is currently home to a parking lot.
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