Prologis Buys 28 Acres In West Miami-Dade For Industrial Development
The industrial-zoned property is located directly south of the Cemex concrete plant at 1200 N.W. 137th Ave.
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The industrial-zoned property is located directly south of the Cemex concrete plant at 1200 N.W. 137th Ave.
He will be responsible for the managing, leasing, and operations of a multi-million square foot portfolio and leading the company’s property management team.
The buyer, a local roofing and construction contractor, purchased the 1996-built facility for $4.5 million.
The warehouse has 71,000 square feet of space available for lease for $7.25 per square foot, according to an online listing.
Upon completion, the project will comprise up to 2.5 million square feet of logistics space spread over as many as 13 buildings.
The office portfolio property management contract awarded to JLL is the largest agreement by square footage secured in Florida for 2020.
The property, which is situated at 942 Northeast First Avenue, will be home to the Legacy Hotel & Residences, a 50-story mixed-use tower with 274 branded residences atop a 256-room hotel.
Marketing materials for the second phase show that nearly 300,000 square feet at two of the future buildings is still available. The third, a 78,377-square-foot project, has been preleased.
Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda and Associate John Mejia represented the landlord, Panattoni Development, and the tenant in the transaction.
MedSquare Health, which comprises 116,000 square feet, opened in November 2020.
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