“This is truly a full-circle moment for me,” said Rodriguez. “To think I was part of the original industrial team that helped with the land assemblage, marketing, and leasing of Kurv’s first Miami-Dade assets more than a decade ago, to now leading the firm’s Miami market, I feel like I’ve come home.”
The plaza sits on more than 10 acres. The property was 89% leased at the time of sale.
The partnership plans to invest more than $30 million to upgrade and renovate the portfolio with completion expected in 2027.
The firm first brought on David Bateman as Managing Director for his operational leadership, broker implementation experience, and 20-year track record including senior roles at CBRE and Avison Young.
The property is anchored by two charter schools, which comprised approximately 86% of the leased space at the time of sale.
CBRE’s Robert Smith and Kirk Nelson represented the buyer, SL Acquisitions LLC, a Silverman Group Company, in the transaction and will handle leasing efforts under the new ownership.
Cushman & Wakefield’s Jeannette Mendoza represented ownership, while Shay Pope of Stream Realty and Michael Phipps of CBRE represented the tenant.
The sale ranks among the largest industrial transactions on record in Martin County, signaling significant market expansion and growing interest from both institutional and private investors.
The full project is planned for 1.5 million square feet of industrial space on an 87-acre site.
The 6.6 acre property is positioned for a large-scale mixed-use development that also allows for the development of up to 6,602 residential units across residential, office, hotel, and retail.