Florida – Cushman & Wakefield South Florida

Cushman & Wakefield Represents Investment Fund in $11.75M Sale of Fort Lauderdale’s 2601 Building

MHC Oakland Park Owner LLC Acquired the Six-Story Office Building from 2601 M L Fund, LLC FORT LAUDERDALE, FL, September 9, 2019 — Cushman & Wakefield has negotiated the sale of the 2601 Building, a premier ±59,942-square-foot office asset in Broward County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Dominic Montazemi, Greg Miller, Miguel Alcivar, Jason Hochman and Michael Ciadella negotiated the sale on behalf of 2601 M L Fund, LLC, a Netz USA LLC holding company. MHC Oakland Park Owner LLC acquired the building for $11.75 million ($196 per square foot). Frank M. Micali, CCIM of Netz USA LLC represented the fund in the sale. The 2601 Building is a six-story, multi-tenant office building originally developed in 1966. The property sits on a ±1.24-acre site at 2601 East Oakland Park Blvd. After suffering significant damage during Hurricane Wilma in 2005, the building was gutted and rebuilt in 2007 with new roofs, mechanical systems and modern interior build-outs. The 2601 Building is centrally located in [...]

Jim McAleese2019-10-01T12:49:42-04:00September 9th, 2019|Florida, In the News, Office, Press Release|

Cushman & Wakefield Negotiates Six Leases Totaling ±132,798 SF in Pompano Beach

The Team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Have Now Fully Leased Buildings Six, Seven and Eight at the Pompano Center of Commerce POMPANO BEACH, FL, July 25, 2019 — Cushman & Wakefield has negotiated six industrial leases totaling ±132,798 square feet at Pompano Center of Commerce II, a new warehouse and distribution center developed by Butters Construction & Development in Broward County. The South Florida Industrial Brokerage Team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister represented Pompano Industrial Venture, LLC, a joint development between Butters Construction & Development and an institutional capital partner, in securing leases with Milestone Pavers, Empire Delivery, Larsen’s Manufacturing Company, Farco Plastics, Event Effects Group and ATI Electrical Supply. The leases bring Pompano Center of Commerce II’s existing buildings (Six, Seven and Eight), comprising a total of ±318,062 square feet, to full occupancy. Details of the newly signed leases can be found below: Milestone [...]

Jim McAleese2019-07-25T16:28:04-04:00July 25th, 2019|Florida, In the News, Industrial, Press Release|

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 [...]

Jim McAleese2019-08-06T15:21:31-04:00July 3rd, 2019|Capital Markets, Florida, In the News, Press Release, Retail|

Cushman & Wakefield’s South Florida Industrial Team Earns Top NAIOP Honors

The Team Was Named Industrial Broker Team of the Year and also Took Home the Industrial Lease Transaction of the Year Award BOCA RATON, FL, April 12, 2019 — Cushman & Wakefield’s South Florida Industrial Team recently received two major accolades at the NAIOP South Florida Awards of Excellence. Executive Director Chris Metzger, Executive Director Richard F. Etner Jr., Executive Director Christopher Thomson, Director Matthew G. McAllister; Associate Adam Talbot, Senior Brokerage Coordinator Julie Miller and Brokerage Coordinator Uilani Kauhi were named Industrial Broker Team of the Year. The group also took home Industrial Lease Transaction of the Year honors for their work on Postal Center International’s 225,000-square-foot lease of Weston Business Center. The South Florida Industrial Team specializes in industrial real estate in Broward, Palm Beach, Martin, St. Lucie and Indian River Counties. The team has worked together in the South Florida market for over 40 years and is [...]

Jim McAleese2019-05-16T11:58:19-04:00April 12th, 2019|Florida, In the News, Industrial, Press Release|

Cushman & Wakefield Negotiates 43,624-SF HQ Lease With Parbel at Waterford Atrium

Jeannette Mendoza, Brian Gale, Ryan Holtzman, Andrew Trench and Lena Weeks Represented MetLife Real Estate Investors in Securing the Largest Office Lease Executed in the Airport West Submarket This Year MIAMI, FL, April 8, 2019 — Cushman & Wakefield has negotiated a 43,624-square-foot lease renewal with Parbel at Waterford Atrium in Miami’s Waterford at Blue Lagoon business park. According to Cushman & Wakefield research, this is the largest office lease executed in the Airport West submarket this year. The Cushman & Wakefield office leasing team of Jeannette Mendoza, Brian Gale, Ryan Holtzman, Andrew Trench and Lena Weeks negotiated the lease on behalf of owner MetLife Real Estate Investors. John Marshall and Randy Carballo of JLL represented Parbel in the lease negotiations. Parbel renewed its space in 6100 Waterford, located at 6100 Blue Lagoon Drive. Formerly Helena Rubinstein Inc. and now a subsidiary of L’Oreal, Parbel distributes cosmetics, perfumes and beauty products. The company houses its headquarters at Waterford Atrium. “This was a very [...]

Jim McAleese2019-05-13T14:21:03-04:00April 8th, 2019|Florida, In the News, Office, Press Release|

Cushman & Wakefield Names Gian Rodriguez Managing Principal of Miami and Fort Lauderdale Offices

Industrial Brokerage Veteran Will Oversee All Aspects of the Firm’s 200-Person Operation in Miami-Dade and Broward Counties MIAMI, April 4, 2019 – Cushman & Wakefield has named Gian Rodriguez Managing Principal for its Miami and Fort Lauderdale offices. Rodriguez, a market-leading industrial broker who joined Cushman & Wakefield in 2011, will now oversee the strategic growth and business development efforts for the firm’s business in these markets. Larry Richey, who held this role for the last four years, will continue to serve as Regional Managing Principal for Cushman & Wakefield’s Florida offices, leading the firm’s four Managing Principals throughout the state. Rodriguez will now have direct oversight of over 200 employees, and all aspects of the firm’s business in Miami-Dade and Broward counties, including agency leasing, tenant representation, capital markets, debt and equity, asset services, valuation and advisory and project and development services. A Miami native and bilingual, Rodriguez has over [...]

Jim McAleese2019-04-04T13:24:16-04:00April 4th, 2019|Florida, In the News, 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 [...]

Jim McAleese2019-03-26T12:32:40-04:00March 15th, 2019|Capital Markets, Florida, In the News, Multifamily, Press Release|

Cushman & Wakefield Promotes Mike Agnew to Lead Florida Asset Services

A 25-Year Veteran of Cushman & Wakefield, Agnew Will Oversee the Firm’s Statewide Asset Services Operation Encompassing Over 40 Million Square Feet FLORIDA, December 10, 2018 – Cushman & Wakefield is pleased to announce that Mike Agnew will now serve as Senior Managing Director of Asset Services in Florida. With this promotion, Agnew will oversee the firm’s statewide Asset Services operation, which employs 260 professionals and currently encompasses 327 office, industrial and retail properties comprising more than 42 million square feet of space. Agnew brings 25 years of experience with Cushman & Wakefield to this new position. He has served in leadership roles with the firm’s Asset Services division for the majority of his career, demonstrating proven excellence in helping clients maximize property value and achieve their long-term real estate goals. “In my career I have had the honor of seeing Cushman & Wakefield evolve into a leading commercial real [...]

Jim McAleese2018-12-10T11:09:59-04:00December 10th, 2018|Florida, In the News, Press Release|

Cushman & Wakefield Negotiates $18.25M Sale of Downtown Miami Parking Garage on Behalf of Crocker Partners

Mishorim Investments Acquired the 0.86-Acre Property at 255 NE First St. MIAMI, October 24, 2018 – Cushman & Wakefield has arranged the sale of a seven-story, 756-space parking garage in downtown Miami for $18.25 million to Mishorim Investments. At 255 NE First St., the 257,712-square-foot garage is situated on 0.86 acres and possesses significant redevelopment potential. Robert Given, Errol Blumer, Troy Ballard and Steve Aiken, with Cushman & Wakefield’s South Florida Multifamily Team represented Crocker Partners, a commercial real estate investment firm headquartered in Boca Raton, Florida, in the disposition. The buyer, Mishorim Investments, invests in a variety of commercial asset types in the United States and Israel, and owns several retail/mixed-use properties in Florida, including the ground-floor retail component of Centro Miami. Situated adjacent to the First Street MetroMover Station, the property offers exceptional accessibility throughout downtown Miami and is surrounded by more than 6 million square feet of office space, [...]

Jim McAleese2018-11-01T13:43:40-04:00October 24th, 2018|Florida, In the News, Multifamily, 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 [...]

Jim McAleese2018-09-06T16:09:06-04:00September 6th, 2018|Capital Markets, Florida, In the News, Multifamily, Press Release|