Cushman & Wakefield Arranges New 95,000-SF Lease At Midpoint Logistics
Wayne Ramoski, Skylar Stein, and Ivanna Leitner Perez of Cushman & Wakefield represented Dalfen Industrial in the lease negotiations.
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Wayne Ramoski, Skylar Stein, and Ivanna Leitner Perez of Cushman & Wakefield represented Dalfen Industrial in the lease negotiations.
The lease deals drive total occupancy in the trophy office complex to 95 percent.
PEBB and Banyan picked up the 23-acre site for $7.46 million.
The activity includes a significant lease renewal with Brookfield Corporation, a global leader in financial services, underscoring the ongoing demand for high-quality office space in South Florida.
The shopping center recently underwent a complete redevelopment which included an expansion of Publix from 36,464 square feet to 46,811 square feet.
The site spans six parcels and is one of the last remaining sites of this size allowing for large-scale development in the Edgewater area.
The properties are occupied by Taco Bell and Burger King.
The building has been 70% pre-leased to a cruise ship industry provider of non-perishable food items and food service supplies commencing with building completion and tenant build-out, expected to be in the third quarter of 2025, and expiring February 2033.
The new tenants will occupy a total of 22,213 square feet of space.
Newmark was the sole broker in the transaction, with Executive Managing Directors Steve Medwin and Nick Wigoda facilitating the sale.
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