Moishe Mana Company Leases 123,000 SF

Feb 12, 2018 No Comments by

GRM Information Management Services Inc., a company founded by NY/Israel businessman and investor Moishe Mana, leased 122,915 square feet from Warehomes Precision LLC at the Precision Trading building, located at 15801 NW 49th Avenue in Miami.

The deal closed February 9.

GRM is a document management company controlled by Mana, famous for his acquisitions and development plans in Wynwood and Downtown Miami.

The landlord is controlled by Marcos and Jason Morjain, relatives of Sergio Rok, the well-known South Florida investor, landlord and developer. This iconic building was purchased in October 17 for nearly $9 million by Marcos and Jason, a father and son team buying industrial buildings across South Florida. The facility was leased back to the Seller, Precision Trading Corp., on a short term basis. The prior owner is still in the process of moving out of the building, even as the new tenant moves in.

GRM was represented by Rafael Villamizar of Vertical Strategies Real Estate. Warehomes Precision was represented by Ted Konigsberg of Infinity Commercial Real Estate.

 

Konigsberg stated, “This property  is the past home of Warner Brothers Printing and Precision Trading, once one of the largest Hispanic-owned companies in the United States. Timing was a real issue for both sides, and I am pleased we were able to make a deal happen even before the building went vacant.  It is very well suited for its new occupants, and the principals on both sides worked very hard to make the timing work.  I am looking forward to leasing the remaining portions of this building out in the near future.”

 

 

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Industrial / Flex, Industry News, Miami-Dade County Industrial / Flex, NA
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