$32.2M In Financing Secured For Small Bay Industrial Portfolio In Miami
JLL Capital Markets arranged the financing for the 210,000-square-foot portfolio.
JLL Capital Markets arranged the financing for the 210,000-square-foot portfolio.
“This off-market sale was uniquely timed, allowing both parties to capitalize on the opportunity.”
The bankruptcy petition estimates the Hollywood warehouse’s value at $3 million and the Dania Beach condos at $850,000.
Building 39 of Terreno Realty Corporation’s Countyline Corporate Park, which is 100% leased to one tenant, is a 178,000-square-foot, 36-foot clear height industrial distribution building on 10.9 acres with 58 dock-high and two grade-level loading positions and parking for 156 cars.
IPA’s Kirk Olson and Drew A. Kristol represented the seller and procured the buyer.
This marks the third transaction between Berger Commercial Realty and the Seller, further solidifying their partnership. Both parties look forward to the continued development of this relationship and the positive impact it will have on the community.
Here are the most popular news headlines this past week on CRE-sources.
Claude Senhoreti, a professional race car driver and owner of Sienna Motors, the Buyer, plans to expand operations into this newly acquired site, enhancing their reputation for high-end automotive offerings. In addition to expanding their vehicle sales, Sienna Motors aims to redevelop the surrounding area into additional automotive uses, further revitalizing the neighborhood.
The 347,740-square-foot grocery-anchored retail center is situated on over 18 acres and boasts an impressive leasing rate of 98.3%.
Chris Spear of ComReal represented the buyer in the transaction, while Sky Groden of JLL represented Stonemont.
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