Two retail advisors have joined the firm in Miami as Executive Managing Director and Executive Director, respectively, strengthening its retail leasing and advisory capabilities across South Florida and the broader Americas region.
Cushman & Wakefield’s Jeannette Mendoza represented ownership, while Shay Pope of Stream Realty and Michael Phipps of CBRE represented the tenant.
The 36,041-square-foot facility is currently 63.4% leased, with 88% of the occupied space dedicated to healthcare users.
The 7.75-acre development site sold for nearly $6.6 million.
The development plans include building an additional 392,000 square feet for a total of three planned state-of-the-art industrial buildings.
The lease transactions are valued at more than $56 million.
The asset was 84.1% leased at the time of the transaction.
The portfolio totals 354,336 square feet and includes eight buildings.
8333 Downtown Doral’s leasing momentum features a mix of new tenants, renewals and expansions.
The seven-building park totals 144,874 square feet.
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