Colliers International Brokers $4.4 Million Cash Sale Of South Dade Land

May 16, 2013 No Comments by

Colliers International South Florida announced the $4.4 million all-cash sale of a 4.11-acre parcel of land at 19250 South Dixie Highway in Miami.

Representing the seller, Williamson South Miami-Dade LLC, were Michael T. Fay, Chairman-Founding Partner of Colliers International South Florida, and Xavier Cossard, National Director of the Colliers Automotive Retail Services (CARS) Group.

Michael Fay was honored in April with a global referral award for his initiatives through Colliers Asset Resolutions Team (CART).

Alan Esquenazi, Principal at CREC represented the buyer, Destiny Buildings, LLC.

The new owner, a retail user, plans to occupy the majority of the site and develop the balance. “We feel that retailers are starting to move south outside of Miami’s core,” said Xavier Cossard. “Despite the complexity of putting together development deals today, we were able to complete the transaction in 40 days. We expect interest in South Dade retail to continue and increase.”

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Industry News, Miami-Dade County Retail, Retail
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