JLL Closes $66.8M Financing For South Florida Industrial Development
The property comprises two newly delivered buildings on a 66.4-acre site in the Martin Inland submarket of Port St. Lucie.
The property comprises two newly delivered buildings on a 66.4-acre site in the Martin Inland submarket of Port St. Lucie.
The company plans to take over the full building to support the expansion of its FAA Repair Station.
The 87,120-square-foot warehouse has been leased under a five-year agreement.
The asset totals 102,503 square feet on 6.19 acres and was built specifically as a headquarters and distribution facility.
Colliers Executive Vice Presidents Sabrina Stimming and Steven Henenfeld, Vice President Ruben Suarez, and Associate Vice President Ariel Davis will lead leasing efforts for the properties on behalf of Stiles Retail Group.
One of the country’s largest privately held construction firms will occupy the majority of the third floor at New York Life Investment’s Weston Pointe I, expanding its presence in the tri-county area.
The refinancing follows RIVANI’s approximately $38 million transformation of the 165,170-square-foot property.
A recently acquired collection of small-bay industrial properties near Miami International Airport has secured significant acquisition financing, underscoring continued institutional interest in one of South Florida’s tightest industrial submarkets.
The renewals add to the more than 225,000 square feet of healthcare-related lease renewals completed so far in 2026.
A six-acre property in Fort Lauderdale’s Cypress Creek area is being considered for a zoning change that could open the door to a significant multifamily redevelopment near I-95.
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