Senior Director Yoav Yuhjtman, along with Senior Managing Directors Roberto Pesant and Jaret Turkell, and Associate Director Omar Morales of Berkadia South Florida led the transaction on behalf of the seller, New York-based real estate investment firm Axonic Properties.
The industrial project is approved for eight buildings. Phase I of Race Track Logistics will comprise 620,738 square feet across four buildings with an expected completion date by September 2025.
The transaction — which closed Thursday afternoon —was direct with no brokers involved, and an all-cash deal.
The 223-acre project will feature 1.3 million square feet of retail and entertainment space, 4,000 luxury residential units, two hotels, and 1.35 million square feet of Class A office space.
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