CBRE Arranges Sale Of 1.1 MSF Industrial Park
The park was fully leased at the time of sale to 46 tenants.
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.
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.
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