During his tenure as President and Head of Leasing at Tricera Capital, he was instrumental in developing and implementing the company’s institutional leasing platform, a testament to his ability to drive growth.
Oak Row Equities purchased the $38.5 million site off-market.
The 8,501-square-foot lease marks the gym chain’s third location to open in the U.S., with the brand planning an explosive expansion that targets another 10 to 15 new gym locations in key markets across Florida.
The site spans 2.03 acres and encompasses two parcels. The East Parcel falls under Hialeah’s TOD zoning overlay, permitting up to 125 units per acre and building heights ranging from 3 to 15 stories. The West Parcels are zoned for mixed-use projects, allowing up to 60 units per acre.
Colliers’ Vice Presidents Virgilio Fernandez and Pablo Camposano represented the seller in the transaction.
Colliers Executive Vice President Michael Falk and Associate Jonathan Temple represented the landlords, JBL Asset Management and Avenue Property Group, and the tenant, Heritage Flooring, in the deal.
Colliers Vice President Virgilio Fernandez represented the seller and the buyer in the transaction.
Colliers Vice Chairman Jonathan Kingsley represented the tenant, Seaboard Marine, in the transaction. JLL Executive Managing Director Brian Smith represented the landlord, Prologis, in the lease renewal.
Thad Adams, Managing Director of Brokerage Services at The Allen Morris Company, along with Rafael del Rosal and Maricarmen Cabrera, also with The Allen Morris Company, represented the tenant in lease negotiations. Kevin Gonzalez, Senior Vice President, Tom Farmer, Vice President and Stephen Rutchik, Vice Chairman with Colliers, represented the landlord.
The transaction ranked as South Florida’s largest urban retail lease in 2023 and the fourth-largest retail lease deal overall.
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