Palm Beach County Property Heads Toward Bankruptcy Sale After $43M Foreclosure Judgment
The site has long attracted developer interest because of its scale, location and proximity to transit.
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The site has long attracted developer interest because of its scale, location and proximity to transit.
Two retail advisors have joined the firm in Miami as Executive Managing Director and Executive Director, respectively, strengthening its retail leasing and advisory capabilities across South Florida and the broader Americas region.
The fund focuses on last-mile, multi-tenant logistics properties throughout the U.S.
Market activity also comes as nearly 500,000 square feet of active new-to-market requirements are being tracked across Miami-Dade, according to Blanca’s Q1 Miami Office Market report, signaling a strong pipeline of future demand as companies continue to expand and relocate within the region.
The city’s goal is to attract fresh concepts to the area while also giving existing local businesses an opportunity to grow without the immediate burden of rent.
Bryan S. Cohen and Chris McCarthy represented the landlord, Precise Property, in the transaction.
Cushman & Wakefield’s Jeannette Mendoza represented ownership, while Shay Pope of Stream Realty and Michael Phipps of CBRE represented the tenant.
Newmark Managing Director Mitch Heifetz serves as the building’s exclusive leasing agent, representing Brickstar Capital in the transaction. The tenant was represented by Jared Robins of Inhouse CRE.
The sale ranks among the largest industrial transactions on record in Martin County, signaling significant market expansion and growing interest from both institutional and private investors.
Over the past three years, he has closed more than $100 million in transactions, earning a reputation as one of South Florida’s most active retail investment brokers.
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