The project transformed Ryder System’s former office headquarters into a modern, LEED certified,
326,448-square-foot logistics complex now available for immediate occupancy.
The deals include a full-floor new-to-market tenant and multiple renewals.
The tenants will be relocating from other parts of the market, ranging in size from approximately 2,000 to over 6,400 square feet.
JLL Capital Markets’ Debt Advisory team representing the borrower was led by Managing Director Jesse Wright, Associate JJ Hovenden and Analyst Luke Maganas.
In addition to naming a new senior vice president of the firm’s tenant representation team, JLL has added three other hires to bolster its South Florida brokerage teams.
The exclusive leasing team for the project, JLL’s Sky Groden, SIOR; Ken Morris, SIOR; and Jeremy Cain, represented Bridge Industrial in the lease transaction. The tenant was represented by Rick Etner and Nicolas Reid of Cushman & Wakefield.
Before joining Transwestern, he served as Executive Managing Director and Principal at Colliers, overseeing approximately 400 professionals while leading Atlanta’s operations and partnership.
JLL is the real estate and development advisor for the project that will feature luxury restaurants, entertainment and hotel accommodations.
The Art Deco retail property spans 35,240-square feet and is currently 98% leased to a premier tenant roster, including H&M, which anchors the property.
The Coral Gables listing follows a series of notable divestitures by DWS in the region.