CBRE, HS Capital Facilitate Over 15,000 SF Of Leases At Cypress Corporate Center In Fort Lauderdale
Gordon Messinger with CBRE represented the landlord, HS Capital, in the lease negotiations.
Gordon Messinger with CBRE represented the landlord, HS Capital, in the lease negotiations.
The investor/developer paid $14 million for an asset in northwest Miami-Dade.
Year-over-year, the Miami industrial market experienced a 53 percent jump in rent.
C.J. Easton and David Wilf, both acquisition principals with The Easton Group, sourced the deal.
Construction on the new warehouse is expected to start towards the end of 2022 and take about a year to a year and a half to complete.
Easton has submitted plans with the city to build a logistics-oriented facility.
DWNTWN Realty Advisors Co-Founders and Managing Partners Tony Arellano and Devlin Marinoff listed the building.
The 105,365-square-foot warehouse sold for $19.5 million.
The buyer is one of the largest retail beauty products, wig and human hair extension suppliers in the United States. It owns and operates 22 retail locations throughout the South Florida tri-county area and Tampa.
A 127,150-square-foot warehouse/distribution facility will be built on one of the last remaining parcels within International Corporate Park.
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