Andrew Lehrer and Wayne Schuchts with SRS Real Estate Partners, along with Denise Chaimovitz, MA, SIOR of Entre Commercial, represented Setna in the lease negotiations. Devin White, Tom O’Loughlin, and David Albert with CBRE represented the landlord, Dalfen Industrial.
Colliers’ Erin Byers, Lauren Pace, and Frankie Castellanos represented the tenant in the transaction. CBRE’s Devin White represented the landlord.
This deal marks one of the largest user purchases in recent history.
A real estate fund managed by Ares Management purchased the portfolio from a joint venture (JV) partnership between Greystar and Butters Construction & Development.
Devin White with CBRE Industrial & Logistics will be leading marketing efforts.
The 25-building industrial portfolio totaling 1,393,972 square feet is comprised of properties located in Davie, Deerfield Beach and
The park was fully leased at the time of sale to 46 tenants.
JC Conte, SIOR and Brian T. Ahearn, CCIM represented the tenant in the lease deal.
The five commercial real estate transactions were all completed throughout the South Florida area in January, February and March by Vice President Frank Trelles, SIOR and Sales Associate Jason Gonzalez.
The 304,408-square-foot portfolio was 64 percent leased at the time of sale.