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.
The portfolio was sold in four separate transactions to two different buyers.
Senior Vice Presidents Keith R. Graves, CCIM, SIOR and Jonathan Thiel as well as Sales Associates Daniel Forman and Lawrence Oxenberg will spearhead the leasing initiatives for a diverse range of buildings within the portfolio.
Over the past decade, he has built his career as a market-leading brokerage professional specializing in industrial landlord and tenant representation and has completed industrial sale and lease transactions valued at more than $2 billion.