CBRE National Partners Announce Sale Of Recently Delivered 500,000 SF Logistics Park
A real estate fund managed by Ares Management purchased the portfolio from a joint venture (JV) partnership between Greystar and Butters Construction & Development.
A real estate fund managed by Ares Management purchased the portfolio from a joint venture (JV) partnership between Greystar and Butters Construction & Development.
This acquisition marks the firm’s second significant investment in Doral, following the recent groundbreaking of Bridge Point Doral, a project set to encompass over 2.6 million square feet of Class-A industrial space at full build out.
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“This off-market sale was uniquely timed, allowing both parties to capitalize on the opportunity.”
This marks the third transaction between Berger Commercial Realty and the Seller, further solidifying their partnership. Both parties look forward to the continued development of this relationship and the positive impact it will have on the community.
Here are the most popular news headlines this past week on CRE-sources.
Claude Senhoreti, a professional race car driver and owner of Sienna Motors, the Buyer, plans to expand operations into this newly acquired site, enhancing their reputation for high-end automotive offerings. In addition to expanding their vehicle sales, Sienna Motors aims to redevelop the surrounding area into additional automotive uses, further revitalizing the neighborhood.
Bridge is on track to deliver the LEED-certified 326,000-square-foot logistics complex in the third quarter of 2025.
In addition to ample square footage, the project will feature 32’ clear height, 16 loading docks, two ramps, a 120’ truck court and surface parking. The Butters organization will serve as the exclusive leasing agent.
Here are the most popular news headlines this past week on CRE-sources.
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