Robert Kaplan and Mark Rutherford of Cushman & Wakefield secured the financing through Forman Capital and Core Capital on behalf of the developer North Development, a joint venture between Miami-based Oak Development, led by veteran developer Ricardo Dunin, and Peru-based Edifica.
Derek Baker of Colliers represented the tenant, while Brian Gale and Anthony Librizzi of Cushman & Wakefield represented the landlord.
Miguel Alcivar, Wayne Ramoski, Dominic Montazemi, Scott O’Donnell, Mike Ciadella, and Greg Miller of Cushman & Wakefield arranged the sale on behalf of the seller.
Chris Metzger, Rick Etner Jr., and Christopher Thomson of Cushman & Wakefield’s South Florida Industrial Team represented Prologis and collaborated with their Leasing Manager Ashley McMullen in the lease negotiations for both deals.
C&W’s Greg Miller, Scott O’Donnell, Dominic Montazemi, Mike Ciadella, and Miguel Alcivar represented the seller and buyer in the transaction.
Mark Gilbert, Adam Feinstein, and Mitchell Halpern of Cushman & Wakefield proudly represented the seller, Aventura Plaza Partners, which has owned and operated the property for several decades.
Cushman & Wakefield’s Miami-based Office Agency Leasing team of Jeannette Mendoza, Brian Gale, Andrew Trench, Ryan Holtzman, Eddie Quinon, and Lena Weeks oversee leasing efforts at Waterford Atrium and represented the landlord for all transactions.
The development’s retail and office space are 100% leased ahead of its planned opening this summer.
The portfolio was sold in four separate transactions to two different buyers.
Over the past decade, he has built his career as a market-leading brokerage professional specializing in industrial landlord and tenant representation and has completed industrial sale and lease transactions valued at more than $2 billion.