The firm, led by CEO Malcolm Butters, has been involved in developing industrial projects totaling 5 million square feet with a value of over $1 billion.
The Butters Realty & Management Industrial Brokerage Team of JC Conte, SIOR and Brian T. Ahearn, CCIM represented the interest of Challenge Warehousing, Inc. in the transaction. Tom O’Loughlin and Larry Genet with CBRE represented the Landlord, Link Logistics.
Year-over-year, the Miami industrial market experienced a 53 percent jump in rent.
Rodolfo Alvarez in Southwest Ranches manages all three of the sellers.
The JLL team of Katie Fernandez-Espinosa, Zach Winkler, and Rafael Romero represented MiamiCentral in the lease negotiations.
Blackstone intends to create a new office to expand the firm’s in-house technology capabilities with plans to hire more than 200 tech-focused employees in Miami in the coming years.
The portfolio sold for $56.5 million. CLICK ON THE HEADLINE FOR MORE
In January, JLL completed a 324,000-square-foot lease transaction with existing tenant Floor and Decor Outlets of America, Inc. at the property. CLICK ON THE HEADLINE FOR MORE
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