State Street Realty Brokers Sale Of Class A Industrial Warehouse Property

State Street Realty, a Miami based brokerage and advisory firm, participated in the sale of an industrial warehouse in Homestead.
The transaction is valued at $10.93 million, one of the largest commercial real estate transactions in the South Miami-Dade County area this year.
George Pino, SIOR, president of State Street Realty, along with his colleagues Ed Lyden and Brian Cabielles represented the Buyer, AFCEE LLC, in the transaction.
The Buyer will utilize the property as a beverage distribution center to support its growing space needs for its distribution business.
The industrial building property is approximately 127,000 square feet situated on 10 acres of land, located at 1000 Park of Commerce Boulevard.
The Seller, Lone Oak–Homestead LLC, was represented by Cushman & Wakefield.
 

Pino stated, “It is an honor to be involved in an important transaction of this magnitude.  This transaction demonstrates that industrial real estate conditions in Miami are robust and there continues to be a strong appetite for many first-rate companies to conduct and expand their business within Miami-Dade County.”

 

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