Press Release – Cushman & Wakefield South Florida

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 Industrial Team Arranges Seven Leases Totaling 650,000 SF in Miami

Leases Include: Winco with 121,979 SF at Flagler Station II, MarJam with 102,400 SF at Airport East Distribution Center and Redbull Distribution Company with 48,547 SF at South Florida Logistics Center MIAMI, March 22, 2019 –The Cushman & Wakefield team of Executive Director Wayne Ramoski, Director Gian Rodriguez and Senior Associate Skylar Stein has recently arranged seven notable leases totaling approximately 650,000 square feet in Miami-Dade County. The leases have a total lease value of $40.94 million. More details below: ·Winco, DWL International Trading, LLC, a commercial kitchenware and equipment supplier, has leased a 121,979-square-foot distribution space at Flagler Station II, Building 22, 10800 NW 103rd St. in Medley. Cushman & Wakefield represented the tenant. The landlord is undisclosed. ·National Molding, an international molding company and plastic manufacturer, has renewed its lease for a 105,871-square-foot manufacturing space at 14427 NW 60th Ave. in Miami Lakes. The space serves as the [...]

Jim McAleese2019-03-22T14:09:32-04:00March 22nd, 2019|In the News, Press Release|

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 [...]

Jim McAleese2019-03-26T17:15:49-04:00March 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 [...]

Jim McAleese2019-03-26T12:43:30-04:00March 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 [...]

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

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 [...]

Jim McAleese2019-03-13T13:32:50-04:00March 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 [...]

Jim McAleese2019-03-13T13:24:51-04:00March 11th, 2019|Capital Markets, In the News, Office, Press Release|

Cushman & Wakefield Negotiates $20.8M Sale of Core-Plus Office Asset in Broward County

Vanderbilt Office Properties and Barron Colliers Companies Acquired Corporate Center II, a 91,221-SF Building in Sunrise, FL BROWARD COUNTY, FL, March 8, 2019 – Cushman & Wakefield has arranged the sale of Corporate Center II, a 91,221-square-foot, suburban Class A office building for $20.8M. The asset is situated within Sawgrass International Corporate Park, one of South Florida’s largest suburban office parks, in Sunrise. The Cushman & Wakefield Investment Sales Team of Vice Chairman Mike Davis, Managing Director Dominic Montazemi, Executive Director Scott O’Donnell and Executive Director Rick Brugge represented the U.S. real estate business of UBS Asset Management in the disposition. Vanderbilt Office Properties, a Chicago-based investment management firm, and Barron Collier Companies, a Naples, Florida-based real estate investment company, jointly acquired the asset. At 1571 Sawgrass Corporate Parkway, Corporate Center II is situated on 6.2 acres and is prominently located adjacent to Interstate 75 at the Sunrise Interchange, which sees [...]

Jim McAleese2019-03-11T11:00:28-04:00March 8th, 2019|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. [...]

Jim McAleese2019-03-13T12:24:04-04:00March 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 [...]

Jim McAleese2019-03-13T12:31:03-04:00March 7th, 2019|Capital Markets, In the News, Press Release|