Mike Davis, Dominic Montazemi, Mike McDonald, Miguel Alcivar, Rick Brugge, Rick Colon, and Adam Spies of Cushman & Wakefield represented the seller, USPO Miami, LLC, in the transaction.
Scott O’Donnell, Mike Ciadella, Greg Miller, Dominic Montazemi, Miguel Alcivar, Jason Hochman, and Ron Granite of Cushman & Wakefield represented the seller in the transaction.
Senior Managing Director Sal Bonsignore and Executive Managing Director Rod Loschiavo of Colliers South Florida, represented the seller in the transaction with First Industrial Realty Trust.
The commercial real estate transactions were all completed throughout the South Florida area in April and May by Vice President Frank Trelles, SIOR, Sales Associate Jason Gonzalez and Sales Associate Brandon Careaga.
The company will occupy space on the 20th floor of the property’s world-class Class A office tower.
The growing company has offices in more than 20 countries, with plans to expand and hire 1,100 new employees worldwide with nearly half of its new workforce to be based in Miami.
Ryder Logistics relocated and expanded its third-party logistics operations to Cabot Miramar from Seneca Park in Pembroke Pines, where it previously occupied ±80,000 square feet. The company will take occupancy immediately.
Mike Davis, Dominic Montazemi, Miguel Alcivar, Adam Spies, Rick Brugge, and Rick Colon of Cushman & Wakefield represented both the seller and buyer in the transaction.
He will join the firm’s Miami-based Office Agency Leasing team consisting of Brian Gale, Andrew Trench, Ryan Holtzman, Jeannette Mendoza and Lena Weeks.
The final sale price was $22 million, equating to $155 per square foot.