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“The industrial leasing activity remains solid as we enter 2021,” said Waite. “Now that we’ve rolled out a COVID vaccine in South Florida, I suspect business and consumer confidence will only get stronger providing lots of new opportunity in the commercial real estate market.”
Miami-Dade County’s Office of the Property Appraiser announced on Thursday that it will consider landlords’ financial losses when assessing 2021 fair market values.
The JLL team of Katie Fernandez-Espinosa, Zach Winkler, and Rafael Romero represented MiamiCentral in the lease negotiations.
The acquisition increases the company’s South Florida portfolio to 101 buildings totaling over 5.2 million square feet.
He brings more than 20 years of experience to Colliers, and he has been involved in the acquisition, disposition, and capitalization of more than $2 billion in commercial real estate that spans all asset types and capital structures.
When it closes in two weeks, it will be South Florida’s largest office sale in more than a year.
“These leases underscore how in the retail world, 2021 is going to be the year of mom-and-pop tenants,” Azor said.
The deal is valued at $3,875,000.
The Cushman & Wakefield team of Gian Rodriguez, Wayne Ramoski and Skylar Stein represented seller CDX DEVELOPERS in the land transaction and look to quickly tenant the building, filling a growing need for modern and efficient cold-storage space in South Florida.
The deal completes the second half of a four-building purchase of more than 1 million square feet of leased industrial space.
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