jim.mcaleese@cushwake.com

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So far Jim McAleese has created 297 blog entries.

Crocker Partners and Walton Street Capital Select Cushman & Wakefield to Lease 1.1M-SF Trophy Miami Office Park

Credit: Paul McDermott Photography Team of Brian Gale, Andrew Trench, Ryan Holtzman, Jeanette Mendoza and Lena Weeks Will Oversee Leasing for The Landing at MIA MIAMI, September 19, 2018 – Cushman & Wakefield has been selected as the exclusive leasing advisor for The Landing at MIA, a 1.1 million-square-foot office park, just west of Miami International Airport. Crocker Partners and Walton Street Capital recently acquired the property as a joint-venture, and ownership retained the Cushman & Wakefield team of Vice Chairman Brian Gale, Managing Director Andrew Trench, Managing Director Ryan Holtzman, Director Jeannette Mendoza and Associate Lena Weeks to lease the office park. The Landing at MIA is a world-class suburban office park situated on 50 lush acres at 200-7665 Corporate Center Drive in Miami’s Airport West submarket. At the intersection of Dolphin Expressway and Palmetto Expressway, it is approximately five miles west of Miami International Airport. The [...]

2018-09-20T13:49:26+00:00 September 20th, 2018|In the News, Office, Press Release|

Cushman & Wakefield Negotiates ±105,652 SF HQ Lease with Aldora in Broward County​

Richard F. Etner Jr., Chris Metzger, Christopher Thomson and Matthew G. McAllister Represented Owner Exeter Property Group in Securing the Lease at 4250 Coral Ridge Drive CORAL SPRINGS, FL, September 20, 2018 — Cushman & Wakefield has negotiated a long-term, 105,642-square-foot lease with Aldora Aluminum and Glass Products at 4250 Coral Ridge Drive in northern Broward County. The South Florida Industrial team of Richard F. Etner Jr., Chris Metzger, Christopher Thomson and Matthew G. McAllister negotiated the lease on behalf of Conshohocken, PA-based building owner Exeter Property Group. MJ Ridenour of Coldwell Banker Commercial NRT represented Aldora. Aldora is an industry leader in glass and aluminum fabrication, producing a full line of glass, mirror, window and facade products, including hurricane-resistant aluminum storefronts and entry systems. The company is currently headquartered in Miramar at 11500 Miramar Parkway, but will relocate those operations to 4250 Coral Ridge Drive by the summer of 2019. Aldora serves more than 500 glaziers from North Carolina to the Caribbean and currently [...]

2018-09-25T13:56:06+00:00 September 20th, 2018|In the News, Press Release|

Cushman & Wakefield Report: Record Low Vacancies Highlight Bullish South Florida Multifamily Market​

Calum Weaver Authored Cushman & Wakefield’s 2018 South Florida Multifamily Midyear Market Update​ MIAMI, September 4, 2018— Cushman & Wakefield has released its 2018 South Florida Multifamily Midyear Market Update. The semi-annual report, authored by Executive Managing Director Calum Weaver of Cushman & Wakefield’s South Florida Multifamily Team, details the state of the multifamily market in the three counties comprising South Florida — Miami-Dade, Broward and Palm Beach. The report finds record low vacancy rates in a South Florida multifamily market supported by a continuing trend of positive historic market fundamentals. Significant highlights of the report include: Through the first two quarters of 2018, there were 133 multifamily sales in South Florida valued at nearly $2 billion. While year-over-year sales activity slowed for the second year in a row, these values are still the third-highest ever recorded in the first half of any year. As a whole, sales activity in South Florida was split relatively evenly [...]

2018-09-06T16:09:06+00:00 September 6th, 2018|Capital Markets, Florida, In the News, Multifamily, Press Release|

Cushman & Wakefield Arranges Lease Renewal and Restructure with SunTrust Bank at 777 Brickell Avenue

Andrew Trench and Brian Gale Represented Landlord Alliance RE Holdings; Jason Donald, Tony Jones and Ryan Levy Represented SunTrust MIAMI, September 5, 2018 – Cushman & Wakefield has arranged a lease renewal and restructure for SunTrust Bank at 777 Brickell Avenue, an office tower in the heart of Miami’s Brickell submarket. The longtime anchor tenant has extended its lease for 10 years, and will now occupy a total of approximately 25,000 square feet, which includes office space and a new, redesigned lobby bank branch within the building’s ground-floor retail space. Cushman & Wakefield Managing Director Andrew Trench and Vice Chair Brian Gale represented the landlord, Alliance RE Holdings, in the lease negotiations. Managing Director Jason Donald, Executive Director Tony Jones and Senior Director Ryan Levy worked with SunTrust’s Thomas Crociata to negotiate the lease on behalf of SunTrust. The lease comprises 22,000 square feet of office space, which will have [...]

2018-09-06T15:30:22+00:00 September 6th, 2018|In the News, Office, Press Release, Tenant Representation|

Cushman & Wakefield Arranges $59.75M Sale of Miami Apartment Community for Rilea Group

Advenir, Inc. Acquired Vista Verde at Westchester for $197,848 Per Unit MIAMI, August 15, 2018 – Cushman & Wakefield has negotiated the sale of Vista Verde at Westchester, a 302-unit, value-add apartment community, for $59.75 million. The property is adjacent to Florida International University, a public university with an enrollment of over 55,000 students, as well as a Publix-anchored shopping center. Vice Chairman Robert Given, Senior Managing Director Troy Ballard, Executive Managing Director Zachary Sackley and Senior Financial Analyst James Quinn with Cushman & Wakefield’s Florida Multifamily Team represented Rilea Group in the disposition. The Miami-based real estate developer invests in value-add multifamily, office and retail properties throughout South Florida. The buyer is Advenir, Inc., an Aventura, Florida-based real estate investment company that acquires and operates multifamily communities throughout the United States on behalf of high-net worth and institutional investors. Vista Verde was built in 1993. The property traded for [...]

2018-08-17T14:54:58+00:00 August 17th, 2018|Capital Markets, In the News, Multifamily, Press Release|

Cushman & Wakefield Negotiates Sale of 69-Unit, Luxury Townhome Community in Hollywood, FL for $23M

Calum Weaver Represented Royal Oaks United, LLC in the Disposition HOLLYWOOD, FL (August 6, 2018) – Cushman & Wakefield has negotiated the sale of Royal Oaks Townhomes in Hollywood, FL, for $22.78 million. The luxury townhome community has 69 units and was 90 percent occupied at the time of sale. Executive Managing Director Calum Weaver, with Cushman and Wakefield’s Florida Multifamily Team, represented the seller, Royal Oaks United, LLC, in the disposition of the property. The buyer is Preston Giuliano Capital Partners, LLC, a private investment firm focused on the acquisition and repositioning of multifamily real estate in South and Central Florida. Royal Oaks Townhomes was completed in 2009. The fully gated community sits on 5.19 acres and features two-story units with three bedrooms, 2.5 bathrooms and 1,695 square feet of living space. Each residence includes a private garage, terraces and balconies and a semi-private back yard. Luxury community amenities [...]

2018-08-08T14:42:33+00:00 August 8th, 2018|Capital Markets, In the News, Multifamily, Press Release|

Cushman & Wakefield Negotiates $23M Sale of Airport East Distribution Center​

The Cushman & Wakefield Team of Wayne Ramoski, Mike Davis, Gian Rodriguez, Rick Brugge and Michael Lerner Represented Equitable Real Estate Partners in the Disposition MIAMI, FL, August 6, 2018— Cushman & Wakefield has negotiated the sale of Airport East Distribution Center, a 397,585-square-foot distribution complex in Miami-Dade County. The Cushman & Wakefield team of Wayne Ramoski, Mike Davis, Gian Rodriguez, Rick Brugge and Michael Lerner represented Miami-based Equitable Real Estate Partners in the disposition. The asset was acquired by CenterPoint Properties for $22.96 million ($58 per square foot). Airport East Distribution Center is a three-building industrial campus featuring concrete block construction, 18- to 22-foot clear heights, sizeable truck courts and exterior storage. The campus is situated on an ±18-acre site providing ample space for parking and staging. The complex was 76 percent leased at the time of sale. Airport East Distribution Center is located at 7000 NW 32nd Avenue, strategically positioned near Miami International Airport and PortMiami in the East Hialeah submarket. “Airport [...]

2018-08-08T14:05:42+00:00 August 8th, 2018|Capital Markets, In the News, Industrial, Press Release|

Cushman & Wakefield Negotiates $11.5M Sale of Hollywood Medical Office Building​

Scott O’Donnell, Greg Miller, Dominic Montazemi, Miguel Alcivar and Jason Hochman Represented SF Partners in the Disposition. HOLLYWOOD, FL, July 30, 2018— Cushman & Wakefield has negotiated the sale of the Hollywood Medical Office Building, a ±57,815-square-foot facility on the campus of Memorial Regional Hospital South in Broward County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Greg Miller, Dominic Montazemi, Miguel Alcivar and Jason Hochman along with office leasing expert Donna Korn negotiated the sale on behalf of Miami-based SF Partners. A private real estate investment company acquired the asset for $11.5 million ($199 per square foot). The Hollywood Medical Office Building was developed in 1975. The five-story structure sits on a ±1.78-acre site at 3700 Washington Street approximately one-half mile west of Interstate 95 between the Hollywood Boulevard and Pembroke Road interchanges. The property, along with Hollywood Medical Plaza II, is one of only two medical office buildings on the Memorial Regional Hospital South campus. The building was 84 percent occupied at [...]

2018-07-30T15:03:01+00:00 July 30th, 2018|Florida, In the News, Office, Press Release|

Cushman & Wakefield Assists in Sale Negotiation of 39,000-SF Value-Add Industrial Portfolio in Jupiter, Florida

 Scott O’Donnell, Robert Smith, Dominic Montazemi, Miguel Alcivar and Greg Miller Represented Seller in the Disposition JUPITER, FL, July 24, 2018 – Cushman & Wakefield has assisted the seller in negotiating the sale of The Pointe at Jupiter Park of Commerce, a 39,328-square-foot, two-building light industrial portfolio in Jupiter, Florida, for $5.2 million, or approximately $132 per square foot. Cushman & Wakefield Executive Director Scott O’Donnell, Managing Director Dominic Montazemi, Director Miguel Alcivar and Senior Associate Greg Miller, along with CBRE Executive Vice President Robert Smith, represented the seller, 1201 JCP TIC, LLC & CKJCP TIC, LL, in the transaction. The buyer is Nationwide Development Corporation. The property sits on 3.17 acres at 1201 and 1251 Jupiter Park Drive. The 1201 building consists of 23,660 square feet with 19,660 square feet of office/showroom space and 4,000 square feet of fully air-conditioned warehouse space. The 1251 building consists of 15,578 square [...]

2018-07-26T14:56:56+00:00 July 26th, 2018|Capital Markets, In the News, Industrial, Press Release|

Cushman & Wakefield Leases ±53,000 Square Feet at Waterford Atrium

Jeannette Mendoza, Brian Gale, Ryan Holtzman and Andrew Trench Represented MetLife Real Estate Investors in Securing Eight Office Leases MIAMI, FL, July 17, 2018 — Through the first two quarters of 2018, Cushman & Wakefield has negotiated eight office leases at Waterford Atrium totaling 52,674 square feet. The Cushman & Wakefield office leasing team of Jeannette Mendoza, Brian Gale, Ryan Holtzman and Andrew Trench represented owner MetLife Real Estate Investors. Waterford Atrium is a three-building, 495,870-square-foot Class A office campus located at 6100 Blue Lagoon Drive (6100 Waterford), 6303 Blue Lagoon Drive (6303 Waterford) and 6505 Blue Lagoon Drive (6505 Waterford) in Miami’s Waterford at Blue Lagoon business park. Cushman & Wakefield secured a mix of new, renewal and expansion leases with Executive Data Systems, The Art of Shaving, RS&H, Odebrecht Construction, Club Med Sales, Marcelo Law Group, American Prime and Banyan Health Systems. Executive Data Systems leased 7,971 square [...]

2018-07-17T16:57:44+00:00 July 17th, 2018|Florida, In the News, Office, Press Release|