Chris Metzger of Cushman & Wakefield’s South Florida Industrial Team led the negotiations and represented the landlord, EastGroup Properties, in the deal.
Transwestern’s Carlos Gaviria, Thomas Kresse, Walter Byrd, and Ben Eisenberg represented building owner Terreno Realty Corporation in the transaction.
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.
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.
The 155,508-square-foot industrial asset sold for $17 million.
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