Industrial Portfolio Trades For $162 Million
The Class A infill industrial portfolio consists of seven buildings totaling 677,789 square feet.
The Class A infill industrial portfolio consists of seven buildings totaling 677,789 square feet.
Matthew McAllister and Chris Metzger of Cushman & Wakefield represented the landlord.
Brian Gale and Edward Quinon of Cushman & Wakefield represented the landlord in the lease negotiations. Holland & Knight LLP was represented by Todd Lippman and Shay Pope of CBRE.
Anthony Librizzi and Tara England of Cushman & Wakefield represented the landlord, District Pointe, LLC, in the lease negotiations. Derek Baker of Colliers represented the tenant.
Senior Vice President Derek Baker and Executive Vice President Michael Falk of Colliers South Florida represented the landlord, LRP Properties Abacoa, LLC., in the transactions. Dennis Waggner of Cresa and Tara England of Cushman & Wakefield represented the tenants.
The team has closed over $25 billion in multifamily transactions.
The lease is the largest office lease signed in northern Palm Beach County in more than two years, according to Cushman & Wakefield.
Christian Lee, Andrew Chilgren, Marcos Minaya and Sean Kelly of CBRE brokered the transaction on behalf of both the buyer and seller.
Chris Metzger of Cushman & Wakefield’s South Florida Industrial Team led the negotiations and represented the landlord, EastGroup Properties, in the deal.
The approved plans included 180 residential units, 70 hotel rooms and 9,508 square feet of ground-floor retail.
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