Cushman & Wakefield’s South Florida Industrial Team represented the landlord in the lease negotiations. Matthew G. McAllister served as Cushman & Wakefield’s lead broker and worked with partners Chris Metzger, Rick Etner, and Christopher Thomson. The tenant was represented by Alex Bernaldo of America’s Commercial Real Estate.
The sale includes an industrial property which includes a vacant 224,560-square-foot building and approximately 23.2 acres of land.
The Class A infill industrial portfolio consists of seven buildings totaling 677,789 square feet.
Chris Metzger, Rick Etner Jr., Christopher Thomson, and Matt McAllister of Cushman & Wakefield’s South Florida Industrial Team represented the landlord in the lease negotiations.
Ryder Logistics relocated and expanded its third-party logistics operations to Cabot Miramar from Seneca Park in Pembroke Pines, where it previously occupied ±80,000 square feet. The company will take occupancy immediately.
The final sale price was $22 million, equating to $155 per square foot.
Matt McAllister, Chris Metzger, Rick Etner, and Christopher Thomson represented building owner Black Creek Group in the lease of the ±25,300-square-foot warehouse and distribution center.
CBRE’s Mike Oretsky, Tom O’Loughlin, and Larry Genet and Berger Commercial’s Jonathan Thiel and Keith Graves represented the tenants in the lease deals.
The purchase price amounts to $234 per square foot.
Lee & Associates South Florida President Matthew Rotolante and Vice President Conner Milford represented tenants in the deals.