JLL Tapped To Lease New Class A Industrial Development
The four-building development is expected to break ground this September.
The four-building development is expected to break ground this September.
Sansone Group’s Jeff Greenwalt, Pete Crane, and Hai Cao were essential to the deal’s execution.
The construction of the project has commenced with an estimated completion in December 2024.
The lease was facilitated by NAI Miami | Fort Lauderdale’s, Edward Schmidt, SIOR, CCIM,; Gabriel Garcia-Menocal, SIOR,; and Lucia Custer; alongside Solaris Real Group.
The JV partners expect to see strong demand for office space in Coral Gables in the coming months and years, as leases in more expensive office submarkets begin to expire.
The buyers own Total Research Group (TRG), which performs high-quality clinical trials that lead to the development of lifesaving medical advances.
Hialeah has seen an industrial boom in recent years with 30 million square feet of warehouses and manufacturing plants boasting a vacancy rate of only 1.7 percent, which ranks the lowest amongst the Miami-area submarkets.
Here are the most popular news headlines this past week on CRE-sources.
Wells Fargo now occupies two floors totaling approximately 45,000 square feet at Tricera’s 1675 Midtown office building following a 19,000-square-foot lease expansion.
Mark Gilbert, Adam Feinstein, and Mitchell Halpern of Cushman & Wakefield represented the seller in the transaction.
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