Easton & Associates Brokers Nearly 90,000 SF Of New Office Leases In Doral
Easton & Associates Vice President Andrew Easton represented the landlords in all transactions.
Easton & Associates Vice President Andrew Easton represented the landlords in all transactions.
The $32 million transaction closed quickly as an all-cash 1031 exchange acquisition, trading at a record price per unit for the submarket and a cap rate below 5 percent.
Cushman & Wakefield’s Stuart Duffin, SIOR, CCIM, and JJ Sanguily represented the seller in the transaction.
“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.”
At approximately $90,000 per unit, the site’s per-unit pricing is the highest ever paid for a South Miami development site.
The partnership plans to invest more than $30 million to upgrade and renovate the portfolio with completion expected in 2027.
Eric Cantor of Cushman & Wakefield represented the landlord in the transaction. Dean Katz, Adam Bernstein and Greg Katz of Stream Realty Partners represented Travelpro.
The new Weston location is near the company’s existing 64,000-square-foot headquarters in Miramar.
Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar structured this transaction “off market.”
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.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
