Transwestern Brokers Off-Market Warehouse Acquisition In Miami
Senior Vice President Carlos Gaviria, Executive Managing Directors Ben Eisenberg and Walter Byrd and Managing Director Thomas Kresse represented the buyer in the transaction.
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Senior Vice President Carlos Gaviria, Executive Managing Directors Ben Eisenberg and Walter Byrd and Managing Director Thomas Kresse represented the buyer in the transaction.
John Criddle, Joseph Freitas, and Max Pawk with CBRE facilitated lease negotiations on behalf of ownership, South Florida-based real estate investment group Grover Corlew.
Both join JLL from CBRE where they spent the last six years.
The off-market transaction was an all-cash purchase.
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.
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