The portfolio sold for $49 million.
CBRE’s Mike Oretsky, Tom O’Loughlin, and Larry Genet and Berger Commercial’s Jonathan Thiel and Keith Graves represented the tenants in the lease deals.
The purchase price amounts to $234 per square foot.
Cushman & Wakefield’s Wayne Ramoski and Miguel Alcivar represented the seller, DFJ Properties West, LLC, in the transaction.
Anthony Librizzi and Tara England of Cushman & Wakefield represented the landlord, Colonnade Properties, in the lease negotiations.
Lee & Associates South Florida President Matthew Rotolante and Vice President Conner Milford represented tenants in the deals.
The new-to-market financial tenant brings the building to 96% leased.
The three leases bring the ±180,306-square-foot industrial building to full occupancy.
Anthony Librizzi of Cushman & Wakefield represented the buyer in the transaction and has been retained to oversee leasing at the property.
The buyer purchased the facility for their South Florida corporate offices and operation.
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