Cushman & Wakefield Arranges $49M Sale of Whole Foods-Anchored Shopping Center in Fort Myers

AEW Capital Management Acquired the Newly Constructed Daniels Marketplace from S.J. Collins Enterprises FORT MYERS, FL, July 17, 2019 – Cushman & Wakefield has negotiated the sale of Daniels Marketplace, a newly constructed, Class A retail destination in Fort Myers. The 106,739-square-foot shopping center is 100% leased with Amazon-owned Whole Foods Market as its anchor tenant. A Cushman & Wakefield Team comprised of Managing Director Fain Hicks, Vice Chairman Mark Gilbert, Associate Lane Breedlove, Executive Director Adam Feinstein and Director Mitchell Halpern represented Atlanta-based developer S.J. Collins Enterprises in the disposition. The Equity, Debt and Structured Finance team of Mike Ryan, Brian Linnihan and Richard Henry helped secure financing on behalf of the buyer, AEW Capital Management, a global real estate investment firm. At 6891 Daniels Parkway, Daniels Marketplace is favorably positioned at the high traffic intersection of Daniels Parkway and Six Mile Cypress Parkway, which sees 90,000 vehicles per [...]

2019-07-19T11:12:52-04:00July 19th, 2019|Capital Markets, In the News, Press Release, Retail|

Cushman & Wakefield Arranges Sale of Publix-Anchored Retail Center in Miami-Dade on Behalf of Blackstone

Publix Supermarkets Acquired the 111,990-SF Doral Plaza MIAMI, June 27, 2019 – Cushman & Wakefield has negotiated the sale of Doral Plaza, a 111,990-square-foot, institutional-quality shopping center in Doral, Florida. The Publix Super Market-anchored property is situated in one of Miami-Dade County’s most coveted trade areas for retail ownership. The Cushman & Wakefield Retail Capital Markets Team of Vice Chairman Mark Gilbert, Executive Director Adam Feinstein and Director Mitchell Halpern represented New York-based Blackstone in the disposition. The buyer is Lakeland, Florida-based Publix Super Markets, Inc., which occupies 39,795 square feet in the shopping center. Doral Plaza is situated at 9755 NW 41st St.,  (NWC of 41st Street and 97th Avenue) , which is nearly equidistant to both interchanges of the Palmetto Expressway and Florida’s Turnpike. The location has visibility to 55,600 vehicles a day and more than 15,000 residents live within a one-mile radius. It is also central to [...]

2019-07-19T11:29:56-04:00July 3rd, 2019|Capital Markets, Florida, In the News, Press Release, Retail|

Cushman & Wakefield Arranges $32.5M Sale and $24.8M Financing of Hillsboro Center

A Joint Venture of TriGate Capital, Equitable Real Estate Partners and Commercial Florida Realty Partners sold the Five-Building Office Campus to Grover Corlew. Bank United Provided Acquisition Financing. DEERFIELD BEACH, FL, March 21, 2019 — Cushman & Wakefield has arranged the sale and financing of Hillsboro Center, a five-building, 216,114-square-foot office campus in Broward County. The Cushman & Wakefield Capital Markets team of Mike Davis, Scott O’Donnell, Dominic Montazemi, Rick Brugge, Greg Miller and Miguel Alcivar negotiated the sale on behalf of a joint venture between TriGate Capital, Equitable Real Estate Partners and Commercial Florida Realty Partners. Grover Corlew, of Pompano Beach, Florida, acquired the buildings for $32.5 million ($150 per square foot). Jason Hochman of Cushman & Wakefield’s Equity, Debt & Structured Finance group secured a $24.8 million acquisition loan from Bank United on behalf of Grover Corlew. Hillsboro Center is a value-add office portfolio comprising five buildings developed between 1983 and 1985 on a ±14.02-acre campus at 600 and 700 West Hillsboro Boulevard. The property consists of one, Class A six-story office [...]

2019-03-26T17:15:49-04:00March 21st, 2019|Capital Markets, In the News, Office, Press Release|

Cushman & Wakefield Negotiates $8.55M Sale of Miami 25 @ MIC

The Cushman & Wakefield Team of Miguel Alcivar, Wayne Ramoski, Dominic Montazemi, Scott O’Donnell and Gian Rodriguez Represented DFJ East Properties LLC in the Disposition of the Small-Bay Flex Industrial Asset MIAMI, March 15, 2019 — Cushman & Wakefield has negotiated the sale of Miami 25 @ MIC (Miami Intermodal Center), a 77,820-square-foot small-bay flex industrial property. The Cushman & Wakefield team of Miguel Alcivar, Wayne Ramoski, Scott O’Donnell, Dominic Montazemi and Gian Rodriguez represented Miami-based DFJ East Properties LLC in the sale. MIA at 25th Street LLC acquired the asset for $8.55 million ($110 per square foot). Miami 25 @ MIC is situated on a ±3.44 acre site at 3901 - 3977 NW 25th Street and 3900 - 3960 NW 26th Street in Miami. The property is strategically located across NW 25th Street from Miami Intermodal Center (MIC) and just east of Miami International Airport (MIA). MIC is a massive $2 billion multi-modal ground transportation hub developed by the State of Florida Department of Transportation. MIC [...]

2019-03-26T12:43:30-04:00March 15th, 2019|Capital Markets, In the News, Office, Press Release|

Cushman & Wakefield Brings Luxury South Beach Multifamily Portfolio to Market

Portfolio Consists of Six Fully Renovated Properties Totaling 104 Units MIAMI, March 15, 2019 — Cushman & Wakefield, as exclusive marketing agent, has launched the marketing campaign for a portfolio of six luxury multifamily properties comprising 104 units in Miami’s South Beach. Each property has been completely renovated with a total of over $7 million in capital improvements. Executive Managing Director Calum Weaver, Senior Financial Analyst Perry Synanidis, Vice Chairman Robert Given, Executive Managing Director Zachary Sackley and Executive Managing Director Troy Ballard, with Cushman & Wakefield’s Florida Multifamily Investment Sales Team, are marketing the portfolio’s disposition on behalf of the seller. The portfolio is being marketed as Lux South Beach. The six buildings in the portfolio are situated in the heart of South Beach, within walking distance to the world-famous attractions on Lincoln Road, Ocean Drive, Collins Avenue and Washington Avenue. The portfolio is currently 98.1 percent occupied with [...]

Cushman & Wakefield Represents Bristol Group in $24M Sale of ‘Last-Mile’ Distribution Center in Miami

Amazon, Packaging Corp. of America Among Tenants at Fully Occupied 201,459-SF Facility; Buyer is Dalfen Industrial   MIAMI, March 12, 2019 – On behalf of San Francisco-based Bristol Group, Inc., Cushman & Wakefield has arranged the sale of a 201,459-square-foot, last-mile distribution center in Miami’s North Central submarket for $24 million. The multi-tenant facility is 100 percent occupied by such notable tenants as Amazon, Packaging Corporation of America and DaVita Healthcare. The Cushman & Wakefield Investment Sales Team of Vice Chairman Mike Davis, Executive Director Rick Brugge, Executive Director Wayne Ramoski and Director Gian Rodriguez represented Bristol Group, a national private real estate investment and development firm, in the disposition. The buyer is Dalfen Industrial, a real estate investment manager that specializes in the acquisition, development and operation of industrial property across the United States and Canada. The warehouse facility sits on 10.25 acres at 15600 NW 15th Ave., within Sunshine [...]

2019-03-13T13:32:50-04:00March 12th, 2019|Capital Markets, In the News, Industrial, Press Release|

‌Cushman & Wakefield Negotiates $11.7M Sale of Interstate Industrial Park on Behalf of The Silverman Group

The Team of Greg Miller, Scott O’Donnell, Dominic Montazemi and Jason Hochman Negotiated the Sale of the Three-Building Light Industrial Portfolio to Interstate Industrial Park Holdings, LLC RIVIERA BEACH, FL, March 11, 2019 — Cushman & Wakefield has negotiated the sale of Interstate Industrial Park, a three-building, multi-tenant small-bay industrial portfolio in Palm Beach County. The Cushman & Wakefield Capital Markets team of Greg Miller, Scott O’Donnell, Dominic Montazemi and Jason Hochman, along with CBRE’s Robert Smith and Kirk Nelson, negotiated the sale on behalf of Palm Beach, FL-based The Silverman Group. Interstate Industrial Park Holdings, LLC, led by Harry Spitzer, acquired the 160,302-square-foot park for $11.7 million ($73 per square foot). Adam Robbins of ARC Equities, LLC represented the buyer. The portfolio comprises three buildings located at 6555 and 6557 Garden Road and 3541 M.L.K. Jr. Boulevard in Riviera Beach. 6557 Garden Road and 3541 M.L.K. Jr. Boulevard are one-story, metal construction, light industrial buildings developed in 1968 on a ±2.0-acre site. These assets house [...]

2019-03-13T13:24:51-04:00March 11th, 2019|Capital Markets, In the News, Office, Press Release|

Cushman & Wakefield Represents the Kislak Organization in $11.3M Sale of Plantation Professional Park

Triarch Capital Group Acquired the ±63,319-Square-Foot Medical and Professional Office Campus in Broward County​ PLANTATION, FL, March 8, 2019 — Cushman & Wakefield has negotiated the sale of Plantation Professional Park a 63,319-square-foot medical and professional office campus in Broward County. The Cushman & Wakefield Capital Markets team of Greg Miller, Scott O’Donnell, Dominic Montazemi and Miguel Alcivar represented the Kislak Organization, of Miami Lakes, FL, in the sale. Aventura, FL-based Triarch Capital Group acquired the asset for $11.3 million ($178 per square foot). Plantation Professional Park is a six-building office campus built between 1987 and 1989 on a ±7.84-acre site at 6710–6834 West Sunrise Boulevard in Plantation, FL. The single-story buildings comprise a medical and professional office campus located three miles from Westside Regional Medical Center. The site also includes a vacant pad previously approved for an additional two-story, ±22,000-square-foot medical office building. Plantation Professional Park was 96% occupied at the time of sale. Notable tenants include Dickens Sanomi Academy and American Access Care. [...]

2019-03-13T12:24:04-04:00March 8th, 2019|Capital Markets, In the News, Office, Press Release|

‌Cushman & Wakefield Secures $18.2M Loan for KAS Partners’ Acquisition of Norfolk Office Portfolio

Jason Hochman of Cushman & Wakefield’s Equity Debt & Structured Finance Group Assisted KAS Partners in its Acquisition of Twin Oaks I and II NORFOLK, VA, March 7, 2019 — Cushman & Wakefield Senior Director Jason Hochman secured financing for Miami-based KAS Partners’ acquisition of Twin Oaks I & II, a 170,970-square-foot office portfolio in suburban Norfolk, VA. Hochman assisted KAS Partners in originating an $18.2 million, fixed-rate loan with an interest-only period from Starwood Mortgage Capital, a commercial mortgage-backed securities (CMBS) lender, for the company’s $24.9 million acquisition of Twin Oaks I & II. “We were excited to work with our client on their first acquisition in Virginia after previously assisting on financing their acquisitions in Florida and other markets,” said Hochman. “Given this asset’s stable occupancy and income, along with the strong reputation of KAS Partners as a sponsor, we had significant lender competition for the opportunity. Ultimately, we helped KAS Partners choose a lender and [...]

2019-03-13T12:31:03-04:00March 7th, 2019|Capital Markets, In the News, Press Release|

Bridge Development Partners Taps Cushman & Wakefield to Lease Bridge Point Miramar

Cushman & Wakefield Also Arranged the Sale and Financing of the 304,428-Square-Foot Distribution Center MIRAMAR, FL, March 4, 2019 — Cushman & Wakefield has been named exclusive leasing advisor for Bridge Point Miramar, a 304,428-square-foot distribution center in Broward County. The Cushman & Wakefield South Florida Industrial Team of Chris Metzger, Richard F. Etner, Jr., Christopher Thomson and Matthew G. McAllister will lease the building on behalf of Bridge Development Partners. Bridge Development Partners recently acquired Bridge Point Miramar from Sherm Realty Corporation, an affiliate of Weston, FL-based Apotex Corp and will invest $6 million to upgrade the building. A Cushman & Wakefield Capital Markets team comprised of Mike Davis, Metzger and Etner, Jr., arranged the $38 million transaction. Jason Hochman and Chris Lentz, of Cushman and Wakefield’s Equity, Debt and Structured Finance Group worked on behalf of Bridge to secure a $32.7 million loan from Heitman Capital Management. “Upon the completion of our multimillion-dollar investment to further enhance this facility’s offerings, Bridge Point Miramar will be a [...]

2019-03-13T12:23:24-04:00March 4th, 2019|Capital Markets, In the News, Industrial, Press Release|