Press Release

AJP Ventures and Mas Group Select Cushman & Wakefield to Lease New Medical Office Building in Miami

Gordon Messinger will Oversee Leasing for the 116,000-SF MedSquare Health Coral Gables, FL, January 30, 2019 – Cushman & Wakefield has been named the exclusive leasing agent for a 116,000-square-foot, three-story Class A medical office building in Coral Gables. Called MedSquare Health, the $40 million project is being developed by joint-owners AJP Ventures and Mas Group. An official groundbreaking ceremony will be held at the site on March 6 at 10 a.m. Cushman & Wakefield Managing Director Gordon Messinger will lead leasing for the property, marketing the space to a variety of tenants in the medical field. Asking rents will begin in the low $40s per square foot net. MedSquare Health will be situated on 4.5 acres at the corner of SW 87th Ave. and SW 94th St., within the Baptist Hospital medical submarket, which is one of South Florida’s primary healthcare corridors. The project will be the first off-campus, [...]

2019-02-06T11:56:01+00:00 February 6th, 2019|In the News, Office, Press Release|

Related Group and GTIS Partners Name Cushman & Wakefield Leasing Agent for 444 Brickell in Miami

201,020-SF Office Building is Situated at the Intersection of the Brickell Avenue and the Miami River MIAMI, Feb. 4, 2019 – Cushman & Wakefield has been named the exclusive leasing advisor for 444 Brickell, a  201,000-square-foot office building in Miami’s Central Business District. The 11-story building serves as a landmark that links the Brickell and Downtown submarkets. Miami-based Related Group, known as South Florida’s leading developer of sophisticated metropolitan living, has 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 property. “444 Brickell puts tenants at the epicenter of Miami’s CBD with easy access to all that Brickell and Downtown Miami have to offer,” said Gale. “We are ecstatic to be working with Related Group and GTIS Partners to bring quality tenants to this newly renovated office tower, fronting the [...]

2019-02-04T10:38:30+00:00 February 4th, 2019|In the News, Office, Press Release|

Cushman & Wakefield Represents IPCP Florida Realty Value Fund I in Disposition of Wells Fargo Plaza in Boca Raton

The 102,431-SF Asset Comprises Class A Office Space and a Wells Fargo Bank Branch BOCA RATON, FL, January 28, 2019 – Cushman & Wakefield has arranged the sale of Wells Fargo Plaza in downtown Boca Raton. The Class A asset consists of a seven-story office building and a two-story building with a Wells Fargo Bank retail branch on the ground-floor, which together comprise 102,431 square feet. The Cushman & Wakefield Investment Sales Team of Vice Chairman Mike Davis, Managing Director Dominic Montazemi, Executive Director Scott O’Donnell, Executive Director Rick Brugge and Executive Director Michael Lerner represented IPCP Florida Realty Value Fund I, an entity of Boca Raton-based IP Capital Partners, in the sale. Wells Fargo Plaza was completed in 1999 and features a unique design by internationally renowned architect Phillip Johnson, which makes it a well-known local landmark. Situated on 2.3 acres at 925 and 975 South Federal Highway, at the [...]

2019-02-04T10:57:21+00:00 January 28th, 2019|In the News, Office, Press Release|

Cushman & Wakefield Negotiates $12M Sale and $6M Financing of Palm Beach County Industrial Portfolio

Genet Property Group Acquired Five Small-Bay Industrial Buildings in Riviera Beach from The Silverman Group BOCA RATON, FL, January 9, 2019 — Cushman & Wakefield has negotiated the sale and financing of a five-building, small-bay industrial portfolio totaling 147,200 square feet in Palm Beach County. The Cushman & Wakefield Capital Markets team of Greg Miller, Scott O’Donnell and Dominic Montazemi, along with CBRE Executive Vice President Robert Smith, negotiated the sale on behalf of Palm Beach, FL-based The Silverman Group. Tamarac, FL-based Genet Property Group, led by Benjamin Genet, acquired the assets for $11,994,000 ($81.48 per square foot). The portfolio includes Fairfax Industrial Park in Riviera Beach and 7150 Devons Road in West Palm Beach. Jason Hochman, Senior Director of Cushman and Wakefield’s Equity, Debt and Structured Finance Group, assisted the buyer in securing long term financing for Fairfax Industrial Park. The $6M loan was sourced through Aegon Real Assets U.S. and carries [...]

2019-02-04T10:57:00+00:00 January 24th, 2019|In the News, 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 [...]

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

Cushman & Wakefield Negotiates Three Leases Totaling ±76,000 SF at Pompano Center of Commerce II

The Team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Secured Leases with Crown Products, Warehouse Restaurant Supply and Gourmet Innovations POMPANO BEACH, FL, November 9, 2018 — Cushman & Wakefield has negotiated three industrial leases totaling 76,105 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 Crown Products, Warehouse Restaurant Supply and Gourmet Innovations. The leases bring Buildings Six, Seven and Eight of Pompano Center of Commerce II to 67 percent occupancy. A total of 106,193 square feet of space remains available in these three buildings, which total 318,062 square feet. All three tenants are expected to take occupancy in Pompano Center of Commerce II [...]

2018-11-16T15:18:32+00:00 November 16th, 2018|In the News, Press Release|

Cushman & Wakefield Negotiates Cabot Properties’ $25.8M Acquisition of Palm Beach Distribution Portfolio​

The Team of Christopher Thomson, Chris Metzger, Richard F. Etner Jr., Matthew G. McAllister, Mike Davis, Rick Brugge and Michael Lerner Represented Cabot Properties  in its Acquisition of Three Buildings Totaling 173,812 Square Feet in Vista Business Park WEST PALM BEACH, FL, November 5, 2018 — Cushman & Wakefield has negotiated Cabot Properties’ acquisition of three multi-tenant warehouse and distribution buildings totaling 173,812 square feet in Palm Beach County. The South Florida Industrial Brokerage Team of Christopher Thomson, Chris Metzger, Richard F. Etner Jr. and Matthew G. McAllister, in conjunction with Mike Davis, Rick Brugge and Michael Lerner of Cushman & Wakefield’s Central Florida operations, represented Cabot Properties in its $25.8 million ($148 per square foot) acquisition of 2211 Vista Parkway, 2213 Vista Parkway and 6935–6965 Vista Parkway North in West Palm Beach’s Vista Business Park. The seller was McCraney Property Company. “Cabot Properties’ acquisition of these buildings represented a tremendous opportunity to acquire proven, well-managed assets with exceptionally strong tenancy and revenue histories in one [...]

2018-11-16T15:12:40+00:00 November 12th, 2018|Capital Markets, In the News, Industrial, Press Release|

Cushman & Wakefield Negotiates ±113,000-SF HQ Renewal with VAS Aero

Christopher Thomson, Richard F. Etner Jr., Chris Metzger and Matthew G. McAllister Represented Owner DRA Advisors LLC in Securing the Lease at 645 Park of Commerce Way BOCA RATON, FL, October 29, 2018 — Cushman & Wakefield has negotiated a 10-year, 113,191-square-foot headquarters lease renewal with VAS Aero Services at 645 Park of Commerce Way in Palm Beach County. The South Florida Industrial team of Christopher Thomson, Richard F. Etner Jr., Chris Metzger and Matthew G. McAllister negotiated the lease on behalf of New York-based building owner DRA Advisors LLC. VAS Aero, formerly The AGES Group and a division of Volvo since 1999, is a leading provider of aftermarket services in the aviation industry. The company sources, warehouses and markets aftermarket components across a broad range of aircraft and engine platforms and provides related services to airlines, leasing companies and maintenance, repair and overhaul (MRO) providers around the world. VAS [...]

2018-11-01T14:35:08+00:00 November 1st, 2018|Capital Markets, In the News, Office, 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, [...]

2018-11-01T13:43:40+00:00 October 24th, 2018|Florida, In the News, Multifamily, Press Release|

Cushman & Wakefield Negotiates Sale of Coconut Grove Mixed-Use Property

Miguel Alcivar, Dominic Montazemi, Scott O’Donnell, Greg Miller and Jason Hochman Represented an Affiliate of MG|3 Developer Group in the Disposition. MIAMI, FL, October 8, 2018 — Cushman & Wakefield has negotiated the sale of 3138 Commodore Plaza, a 31,000-square-foot, mixed-use building in Miami’s Coconut Grove neighborhood. The Cushman & Wakefield Capital Markets team of Miguel Alcivar, Dominic Montazemi, Scott O’Donnell, Greg Miller and Jason Hochman negotiated the sale on behalf of an affiliate of Hollywood, FL-based MG|3 Developer Group. A partnership comprising Terra and Banyan Street Capital acquired the asset for $7.2 million ($232 per square foot). 3138 Commodore Plaza was developed in 1986 as a multi-tenant commercial property. The four-story building sits on a prime ±0.34-acre infill site with 75 feet of frontage along trendy Commodore Plaza. The unique boutique property offers ground-floor retail space, three floors of office space and coveted on-site structured parking. Vacant at the time of sale, 3138 Commodore Plaza most recently housed the Academy of Arts and Minds charter [...]

2018-10-09T13:26:29+00:00 October 9th, 2018|Capital Markets, In the News, Press Release|