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The site spans 2.03 acres and encompasses two parcels. The East Parcel falls under Hialeah’s TOD zoning overlay, permitting up to 125 units per acre and building heights ranging from 3 to 15 stories. The West Parcels are zoned for mixed-use projects, allowing up to 60 units per acre.
The duo will be based in the firm’s Miami office and specialize in industrial brokerage and advisory services.
The loan was provided by MetLife and provides for full-term interest-only and a 36 month term.
The leases total 14,201 square feet, or approximately 10% of the total rentable space.
Jake Zebede, Owner of Trustone Advisors, and Joseph Linder, Associate, played a pivotal role in the transaction, representing both Buyer and Seller.
Previously to joining the firm, he served as Vice President at CBRE, where he advised owners of commercial retail and office properties, overseeing transactions ranging from $2 million to $40 million in value.
The executed deals include two lease renewals, one expansion, and seven new leases, all of which were for Miami Tower’s newly completed spec suites.
Robert Smith, Kirk Nelson, Jeff Kelly, David Murphy and Monica Wonus with CBRE represented the landlord in lease negotiations.
Colliers’ Vice Presidents Virgilio Fernandez and Pablo Camposano represented the seller in the transaction.
He represents some of the largest industrial institutional owners and investors in optimizing their real estate assets through acquisitions, leasing and sales.
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