This newest lease brings Bridge Point Commerce Center Phase I, totaling 1.1 million square feet of Class-A industrial space, to 97 percent leased.
The tenant leased the entirety of Building Two and half of Building One.
CBRE Senior Vice President Larry Genet, Executive Vice President Tom O’Loughlin , Executive Vice President Jose Lobón, Vice Chairman Christian Lee and Senior Associate Jake Zebede represented Brookfield Asset Management in the purchase
The 24%-leased newly constructed warehouse was sold to TA Realty.
Butters Construction & Development and Greystar will develop Miami Midway Park, a 45.1-acre site at NW 97th Avenue and NW 170th Street in Hialeah Gardens.
Upon completion, the project will comprise up to 2.5 million square feet of logistics space spread over as many as 13 buildings.
CBRE’s Devin White, David Albert and Andrew Fernandez arranged the lease on behalf of ownership. CLICK ON THE HEADLINE FOR MORE
The industrial complex spans more than 700,000 square feet. CLICK ON THE HEADLINE FOR MORE
Miami’s industrial market has experienced healthy leasing activity throughout 2015, according to CBRE Research, with nearly 2.1 million square feet of net absorption pushing vacancy down to 3.8% in 3Q2015. CLICK ON THE HEADLINE FOR MORE
The three free-standing buildings will total ±430,000 square feet. CLICK ON THE HEADLINE FOR MORE
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