Flower Distributor Purchases Doral Property, Plans Expansion

Nov 10, 2013 No Comments by

CBRE arranged the sale of 3.3 acres of industrial-zoned land in Miami International Commerce Center in Doral to a local flower distributor.

Continental Flowers, which grows and imports flowers from Colombia, Ecuador, Peru, Costa Rica and the Dominican Republic, purchased the property at 8101 N.W. 21st Street for $3,300,000 from Jerry Severson, a private owner from North Dakota.  The company, which currently occupies 18,500 square feet at 8175 N.W. 31st Street, has plans to build a first phase of 35,000 square feet with the ability to construct an additional 30,000 square feet.  CBRE represented both the buyer and the seller.

“Continental Flowers has been looking for years for the right property to accommodate their current need as well as their future growth projections,” said Devin White, CBRE Vice President.  “Because proximity to the airport is so crucial in the floral industry, when CBRE proposed the property to Continental Flowers, the owner was able to move quickly and secure the site. This transaction follows the trend of floral companies, who survived the recession, looking to expand their business and gain greater market share.”

“Proximity to the cargo area of Miami International Airport was crucial in our selection process,” said Bill Fernandez, President of Continental Flowers. “Furthermore, the ability to construct a state-of-the-art facility to increase efficiencies with loading and office personnel was equally critical.  The new building will be double our current capacity and will ultimately quadruple our present site. This ability to grow our footprint will allow us to expand our business, give us capacity to cross dock and provide a host of new services for our customers nationwide.”

Additional CBRE professionals representing the buyer included Senior Vice President David Albert and Associate Andrew Lehrer.

CBRE First Vice President Michael Silver represented the seller in the transaction. Silver is a member of the Commercial Industrial Association of South Florida (CIASF).  CIASF is a non-profit organization of business leaders involved in the development, design, construction, sales, and leasing of Industrial and Commercial Real Estate in South Florida.  The association hosts events each month covering a wide range of topics including the Industrial Market Report in January and the Office Market Report in May, its signature events.

 

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