Cushman & Wakefield Represents Elion Partners In $55.4M Sale Of Two-Building Broward Industrial Portfolio
The portfolio totals more than 221,000 square feet.
The portfolio totals more than 221,000 square feet.
The tenant currently occupies 50,328 square feet and renewed and expanded for an additional 37,500 square feet for a total of 87,828 square feet.
Cushman & Wakefield’s Mark Gilbert, Adam Feinstein and Mitchell Halpern will lead marketing for the 563,000-square-foot retail center.
Gordon Messinger and Randy Carballo with CBRE represented the landlord in all lease negotiations.
South Florida commercial real estate’s top talent and transformative projects honored during signature event. Manny De Zarraga received the Lifetime Achievement Award.
The new tenant will be relocating from another building in Fort Lauderdale and expand its footprint by approximately 15,000 square feet, occupying the entire sixth floor of the building.
JLL Executive Vice President Brady Titcomb represented the building’s ownership group, CDS Realty Investments, LLC.
The vacated area accounts for more than half of the 112,791-square-foot building.
The lease coincides with another major move in the area: City National Bank of Florida recently signed a 144,878-square-foot lease to relocate its headquarters within Coral Gables, marking the largest office lease in South Florida since 2023.
Mike Davis, Dominic Montazemi, Rick Brugge, Rick Colon, and Greg Miller of Cushman & Wakefield represented the seller, Midtown Group, in the transaction. The building was acquired by NorthBridge. Rick Etner, Matthew McAllister, Christopher Thomson, and Chris Metzger of Cushman & Wakefield’s South Florida Industrial Team also supported the sale process.
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