100K SF MOB Hits Market In South Miami’s Core Medical Cluster
The seller successfully converted the first five floors of the eight-story building for medical use, with each level providing direct access from the parking garage.
The seller successfully converted the first five floors of the eight-story building for medical use, with each level providing direct access from the parking garage.
The company plans to take over the full building to support the expansion of its FAA Repair Station.
Transwestern’s Carlos Gaviria and Walter Byrd represented the owner, Link Logistics, in the transactions, which range from 27,086 to 61,724 square feet.
The tenant currently occupies 50,328 square feet and renewed and expanded for an additional 37,500 square feet for a total of 87,828 square feet.
The lease deals total 143,083 square feet.
The nonprofit has retained Transwestern to provide Asset Services for the 5-story, 30,000-square-foot building.
Cresa Miami’s Jeff Hartsook and Adam Talbot represented the tenant in the lease renewal.
The lease transactions in West Palm Beach, Broward and Miami-Dade Counties total 96,453 square feet on 12.5 acres.
Cushman & Wakefield’s Brian Gale, Andrew Trench, and Ryan Holtzman represented the landlord, Nuveen Real Estate, in the lease negotiations and Transwestern’s Glenn H. Gregory represented the tenant.
C.J. Easton and David Wilf, both acquisition principals with The Easton Group, sourced the deal.
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