Former Miami Herald, el Nuevo Herald Office Building In Doral Trades For $27M
The venture led by Parmenter will invest significant capital to enhance and reposition the property, establishing it as a new innovation hub in Doral.
The venture led by Parmenter will invest significant capital to enhance and reposition the property, establishing it as a new innovation hub in Doral.
The Cushman & Wakefield team was comprised of Matthew G. McAllister, Chris Metzger, Richard F. Etner Jr., and Christopher Thomson. Pete Sheridan of JLL represented the building’s owner, Prologis.
The pet retailer agreed to an eight year term.
The new division will focus on identifying infill speculative and industrial build to suit opportunities in the State of Florida and opportunistically in other key logistics markets.
JLL represented the seller, Ivy Realty, in the sale of the property.
The building is still under construction and scheduled for completion in September 2021.
The firm recently completed an impressive thirty-one (31) warehouse and office lease and sales transactions
With the expansion, the company now occupies 104,996 square feet.
Steven Hurwitz, managing director with JLL, represented the landlord partnership in the transactions.
The 18-story tower was repositioned from a Class B to a Class A asset and is currently 61% leased.
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