Jordan Todd of United Realty Group represented Universal Chillers. Michael Waite and James Armstrong IV of The Easton Group represented the landlord, Seagis Property Group. Ronald Marrero of Seagis also worked on the deal.
The 21,890-square-foot building is located in Westport Corporate Park.
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.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
