Lee & Associates South Florida Closes Commercial Property Sale In Davie
At $415 per square foot, the transaction set a new price per square foot record for the submarket.
At $415 per square foot, the transaction set a new price per square foot record for the submarket.
Osborne and his team are laser focused on clients’ needs and helping them achieve their goals.
The lease brings Prologis I-595, located at 7050-7060 W State Rd 84 in Davie, to full occupancy.
As Fort Lauderdale faces a scarcity of available commercial investment properties, savvy investors are redirecting their focus towards well-located assets in surrounding submarkets, particularly Oakland Park.
Chris Metzger, Rick Etner Jr., and Christopher Thomson of Cushman & Wakefield’s South Florida Industrial Team represented Prologis and collaborated with their Leasing Manager Ashley McMullen in the lease negotiations for both deals.
The building is equipped with standard 54-foot by 50-foot bays, a 60-foot speed bay and 36-foot clear-height ceilings.
Principal Greg Milopoulos and Vice President Christian Baena completed the transaction and have been retained by the new owner to lease the warehouse building.
C&W’s Greg Miller, Scott O’Donnell, Dominic Montazemi, Mike Ciadella, and Miguel Alcivar represented the seller and buyer in the transaction.
The company has been a tenant for 23 years.
Senior Vice Presidents Keith R. Graves, CCIM and Jonathan Thiel, along with Sales Associate James Karrat, represented the landlord in executing the lease.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.