Lee & Associates’ Michael Avendano Brings 12,800 SF Pharma Tenant To Prologis Beacon Industrial Park
The company plans to build a sterile compounding facility in the space to manufacture and pack prescriptions.
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The company plans to build a sterile compounding facility in the space to manufacture and pack prescriptions.
Colliers Vice Chair Stephen Rutchik and Vice President Tom Farmer negotiated five leases totaling 47,235 square feet.
The JLL Capital Markets team was led by Senior Managing Director Melissa Rose, Director Michael DiCosimo and Analyst Mateo Bolivar.
JLL’s Zach Winkler represented Nuveen in the retail lease negotiations for Pura Vida’s new space, is double in size from its current Brickell outpost.
His dedication to urban development is underscored by his role as a board member of the City of West Palm Beach Downtown Action Committee, where he actively contributes to shaping the city’s downtown. His passion for community, placemaking, walkable communities, and transportation-oriented development demonstrates his commitment to sustainable urban planning and thoughtful growth.
He will guide Franklin Street in strategic growth initiatives, expanding the firm’s full-service capabilities, talent, and market share across the office, industrial, multifamily, retail and healthcare real estate sectors.
The transaction — which closed Thursday afternoon —was direct with no brokers involved, and an all-cash deal.
Prior to joining Colliers, he served as Senior Managing Director and Caribbean Market Leader at Newmark as well as Executive Vice President at CBRE.
The company also announced on October 17 that it plans to introduce a fourth options exchange platform headquartered in Miami.
The sale price equates to $344,000 per unit.
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