Flagler Global Logistics Acquired the Site Bordering Planned Countyline Corporate Park
MIAMI, April 22, 2019 – Cushman & Wakefield has negotiated the sale of an 8.6-acre redevelopment site situated in the path of development in Miami-Dade County. Marketed as Turnpike Transfer, the vacant site sold for $6.7M and is zoned for a wide variety of uses.
Cushman & Wakefield’s Wayne Ramoski and Gian Rodriguez, with the firm’s Miami Industrial Team, worked with capital markets specialist Miguel Alcivar and retail specialist Greg Masin in representing the seller, Turnpike Transfer, LLC, in the disposition.
The buyer is Flagler Global Logistics (FGL), an integrated, third-party logistics provider and real estate developer based in Miami. FGL already owns 500 acres of land that border the Turnpike Transfer site, where it is developing Countyline Corporate Park. The master-planned business park will offer 8 million square feet of Class A warehouses as well as office and industrial build-to-suits.
Turnpike Transfer is situated at the southwest corner of NW 170th Street and NW 97th Avenue, just south of the intersection of the Florida Turnpike and Interstate 75. It offers ±1,300 feet of linear frontage along NW 170th Street and an optimal rectangular configuration that is easily divisible into multiple parcels. Flexible zoning allows for a variety of uses including commercial, office, retail, industrial and hospitality.
In addition to Countyline Corporate Park, Turnpike Transfer is located in the midst of several large-scale development projects, most notably, the American Dream Mall. The $4 billion mixed-use project is slated to deliver 5 million square feet of retail, dining, entertainment, hotel and leisure venues, making it the largest mall in the country.
“The Turnpike Transfer site is situated in a thriving residential and business locale, and benefits from its central location at the intersection of the Florida Turnpike and I-75,” said Ramoski. “Further, with its versatile zoning and the proposed roadway interchanges that will serve the area, this site offers endless development opportunities.”
Cushman & Wakefield’s Miami Industrial Team, comprised of Ramoski, Rodriguez and Skylar Stein, negotiated 2.7 million square feet of sales and leases valued at more than $156 million in 2018. For more information, please visit www.soflaindustrialteam.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Communications Specialist, Florida