Miami-based COFE Properties sold its industrial portfolio in Hialeah for a combined $52 million. The buyer was a fund managed by Boston-based TA Realty, which previously owned most of this property.
A strong performance in the South Florida industrial sector during Covid-19 didn’t fully translate to new milestones in the market’s top sales. The largest industrial sale of 2020, valued at $94 million, still fell below the biggest deals of 2019 and 2018, of $178 million and $180 million, respectively, according to an analysis by The
Raj Prakash was in Miami for the launch party of a friend’s reality show in March when the start Covid-19 pandemic fueled his decision to not to return to New Jersey. Not only has he stayed in town, his company has created 87 jobs in the region this year.
Newmark announces a new 47,175-square-foot lease for Nuage Designs at Eastview Commerce Center (ECC) in Miami. Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda and Associate John Mejia represented the landlord, Panattoni Development, and the tenant in the transaction.
NAI Miami represented the $8,462,500 sale of a 62,000-square-foot industrial building located at 2105 NW 102nd Avenue in Doral by World Famous Partnership, Ltd. to Brookfield Properties.
