Butters Realty & Management office team of Caroline Fleischer, Darcie Lunsford and Sky Butters represented the law firm in the lease transaction.
Conte, Ahearn and Butters exclusively represented the interest of the owner in the transaction.
CBRE’s Larry Genet and Tom O’Loughlin represented the landlord in the deal.
The sales price equates to $193.00 per square foot.
The lease deal brings Building G at Davie Business Center, which totals 114,774 square feet, to 100% leased.
The Butters Realty & Management Industrial Brokerage Team represented the interest while Tom O’Loughlin, Executive Vice President with CBRE represented the landlord in the deal.
The long-term lease renewal keeps the occupancy rate for TA Realty’s two buildings in Port 95 Industrial Park, which total 151,389 square feet, at 100%.
“I am looking forward to a rewarding new year in commercial real estate,” said 2021 NAIOP South Florida Chapter President Ryan Nee. “As president, I will work to facilitate new alliances among members that will support personal, professional and economic development throughout the tri-county. While the pandemic limited face-to-face engagement in 2020, we are eagerly committed to offering new ways for our members to engage and thrive in 2021.”
The buyer, a local roofing and construction contractor, purchased the 1996-built facility for $4.5 million.
Mr. Louis Carrio of Carrio Motorcars closed on the property with an SBA Loan for $4,100,000. CLICK ON THE HEADLINE FOR MORE
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