Cushman & Wakefield Secures Florida’s Second Largest Multifamily Construction Loan Of 2025
Construction on the project, located at 125 SW 8th St., will commence before year end.
Construction on the project, located at 125 SW 8th St., will commence before year end.
The property is 97% leased and anchored by Publix, which completed a full knock-down/rebuild of its store in 2022, expanding the premises to 48,387 square feet and signing a new 20-year lease term.
The deals include a full-floor new-to-market tenant and multiple renewals.
The 2.8-acre site, which is zoned industrial, includes a 12,000-square-foot, two-story main building; a 7,500-square-foot warehouse; and a 2,200-square-foot maintenance shop as well as parking spaces for over 45 trucks.
The exclusive leasing team for the project, JLL’s Sky Groden, SIOR; Ken Morris, SIOR; and Jeremy Cain, represented Bridge Industrial in the lease transaction. The tenant was represented by Rick Etner and Nicolas Reid of Cushman & Wakefield.
Kripalani and Fernandez join C&W from Colliers.
PEBB Enterprises and Banyan Development continue to target the Treasure Coast region for strategic investment opportunities, with a particular focus on rapidly growing Port St. Lucie.
He joins Cushman & Wakefield from Berkadia and has more than 20 years of experience in Florida commercial real estate.
The activity is comprised of three new leases, three lease renewals, and two expansions, all completed within the past three months with a range of prominent legal and financial service firms.
The industrial portfolio includes two single-tenant buildings totaling 98,201 square feet and the self-storage building totals 85,394 square feet.
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