The project transformed Ryder System’s former office headquarters into a modern, LEED certified,
326,448-square-foot logistics complex now available for immediate occupancy.
The eight-acre, 348,480-square-foot property is fully occupied by national tenants The CDL Schools and Park My Fleet.
The 57-story office tower is Miami’s first Class-A delivery in more than a decade.
“This area has experienced some of the fastest growth in the country, with downtown Fort Lauderdale’s population surging by more than 35% in the last four years and Flagler Village’s residential base more than doubling over the past decade.”
The shopping center sale price equates to more than $300 per square foot.
The entire site encompasses 228,355 land square feet and 435 feet of frontage along South Dixie Highway, and includes a 4-story office building.
Wynwood is now Miami’s most active office submarket, recording more than 572,000 square feet of absorption this year, the highest in the county and a rare bright spot as many national markets flatten.
The deals include a full-floor new-to-market tenant and multiple renewals.
The assemblage consists of 11 contiguous parcels spanning block to block from W. Flagler Street to SW 1st Street.
The 199,731-square-foot campus houses a diversified tenant roster across pharmaceutical, healthcare, aerospace, mechanical engineering, food and beverage and construction industries.