Stream Executive Managing Director Greg Katz and Senior Vice President Carlyle Coffin facilitated the transaction on behalf of the tenant. Tim Talbot and Andy Ackerman of Comreal represented the building owner, DWS.
Kirk Nelson, Robert Smith, and Jeff Kelly with CBRE Industrial & Logistics represented the developer, Dalfen Industrial, in lease negotiations.
Woodmont and Butters began construction of 7th Avenue Logistics in February 2023. Butters Realty & Management brokers Thomas J. Hotz and Paul Shooster were successful in fully leasing the building.
The lease brings Prologis I-595, located at 7050-7060 W State Rd 84 in Davie, to full occupancy.
Urban Core’s Shai Ben Ami, Broker-Principal, and Linn Ahsberg, Retail Specialist, represented Clear Spaces in the transactions.
As Fort Lauderdale faces a scarcity of available commercial investment properties, savvy investors are redirecting their focus towards well-located assets in surrounding submarkets, particularly Oakland Park.
The new lease brings the 500,000-square-foot retail component of the Brickell City Centre to fully leased, the first time since its opening in 2016.
Here are the most popular news headlines this past week on CRE-sources.
Alex Sacks, Andrew Margulies, Frank Roti, Brett Rodgers and Harrison Creason, investment advisors at Marcus & Millichap, had the exclusive listing to market the property on behalf of the seller, a private limited liability company. Ryan Nee, Broker of Record in Florida, assisted in closing the transaction.
The annual celebration, which acknowledges excellence throughout the South Florida commercial real estate (CRE) industry, will be held Thursday, March 14th, at the Seminole Hardrock Hotel & Casino Hollywood from 5:00 to 9:30 p.m.