CBRE Arranges Sale Of 7-Building Small-Bay Industrial Portfolio
The portfolio was 93% occupied at the time of the sale by a diverse tenant mix across various industries.
The portfolio was 93% occupied at the time of the sale by a diverse tenant mix across various industries.
Aztec Group’s Howard Taft sourced and structured the bridge financing for Elevate Apartments in Dania Beach.
Colliers’ Derek Baker, Gary A. Gottlieb, and Marc Fechter will lead leasing opportunities.
The building sold for $15.3 million.
The upcoming project will encompass 235,812 square feet of industrial space, boasting a 40-foot clear height, 46 dock doors, and designated parking for 203 vehicles and 76 trailers.
Patrick Nutt and William Wamble of SRS Capital Markets represented the seller in the transaction.
EML Realty Partners owns over 50 other buildings throughout the state of Florida and multiple industrial assets located within Jupiter Commerce Park.
Native Realty represented both sides in a lease for the final available space.
Sedano’s Supermarkets hired Burke Construction Group, Inc. to build-out its Hialeah store in 2018 for a contact price of $2.6 million. The project ended in disagreements over the amounts owed under the contract and responsibility for 263 days of delays.
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