Easton & Associates Reps Tenant In 125,000-SF Lease Renewal At Flagler Station
The tenant, which manufactures and distributes professional salon apparel and accessories, occupies approximately 75% of a multi-tenant building in Flagler Station.
The tenant, which manufactures and distributes professional salon apparel and accessories, occupies approximately 75% of a multi-tenant building in Flagler Station.
Two companies have committed to space within Fort Lauderdale’s pioneering mass timber office project, marking an important leasing milestone for the emerging mixed-use district.
The transaction was arranged by a Cushman & Wakefield team led by Roberto Pesant, Jose Mota and Wouter Lips, who represented both the seller and the buyer.
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.
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