Press Release

Cushman & Wakefield Negotiates $22.8M Sale of Transal Park

Mike Davis, Miguel Alcivar, Dominic Montazemi, Scott O’Donnell, Michael Lerner and Rick Brugge Represented the Seller in the Disposition of the Six-Building Flex Campus DORAL, FL, January 22, 2018 — Cushman & Wakefield has negotiated the sale of Transal Park, a six-building flex campus in Miami-Dade County. The Cushman & Wakefield Capital Markets team of Mike Davis, Miguel Alcivar, Dominic Montazemi, Scott O’Donnell, Michael Lerner and Rick Brugge, in conjunction with Cushman & Wakefield leasing partners Wayne Ramoski and Gian Rodriguez, negotiated the disposition on behalf of the seller. SVF Acquisitions, LLC purchased the asset for $22.8 million ($170 per square foot). Transal Park comprises six one-story buildings totaling 134,175 square feet on a 10.4-acre site at 8200 - 8290 NW 27th Street. The buildings offer flexible bays with a combination of direct-access front office and rear warehouse with grade-level entries to truck courts. Other features include tenant signage, on-site security, [...]

By | 2018-05-03T14:30:11+00:00 January 22nd, 2018|In the News, Press Release|0 Comments

Cushman & Wakefield Negotiates $4.9M Sale of 10-Acre Orlando Multifamily Site

Jay Ballard and Ken Delvillar Represented Intram Investments, Inc. in the Sale of the Disney-Area Land to Panther Residential Management LLC and Integra Land Company ORLANDO, FL, January 4, 2018 — Cushman & Wakefield announced today that it has negotiated the sale of a 10-acre site permitted for nearly 300 multifamily units near the intersection of State Road 535 and Osceola Parkway on the Orange-Osceola County line. Senior Director Jay Ballard and Senior Director Ken Delvillar, of Cushman & Wakefield’s Florida Multifamily Team, represented Orlando, FL-based Intram Investments, Inc. in the land disposition. Massachusetts-based Panther Residential Management (PRM) and Orlando, FL-based Integra Land Company (ILC) acquired the site for $4.85 million ($161,667 per acre). The ±10-acre parcel, part of Intram’s Sunrise City project, is zoned Tourist Commercial in unincorporated Osceola County. The joint venture between PRM and ILC broke ground on an initial phase of 300 units on October 23, 2017. The community will be named Sunrise Parc. Integra Land Company and Panther Residential Management [...]

By | 2018-05-03T14:30:12+00:00 January 5th, 2018|In the News, Press Release|0 Comments

Cushman & Wakefield Negotiates $6.1M Sale of Southside Industrial Building

 Mike Davis, Rick Brugge, Michael Lerner and Tyler Newman Represented Exeter Property Group in the Sale of 11902 Central Parkway to Colony Northstar JACKSONVILLE, FL, December 21, 2017 - Cushman & Wakefield announced today that it has negotiated the sale of 11902 Central Parkway, an ±85,000-square-foot, single-tenant industrial building in Jacksonville’s Southside industrial market. The Cushman & Wakefield Capital Markets team of Mike Davis, Rick Brugge, Michael Lerner and Tyler Newman represented Conshohocken, PA-based Exeter Property Group in the disposition. Los Angeles-based investor Colony Northstar acquired the building for $6.1 million ($71.55 per square foot). Executive Managing Director Mike Davis Executive Director Rick Brugge Executive Director Michael Lerner Director Tyler Newman               11902 Central Parkway is a manufacturing and distribution facility developed in 1997. The dock-high building features 24-foot clear heights, an ESFR (Early Suppression, Fast Response) fire safety system; T–5 lighting, 10 loading doors, and heavy electric service. [...]

By | 2018-05-03T14:30:12+00:00 December 22nd, 2017|In the News, Press Release|0 Comments

Cushman & Wakefield Negotiates Sale of Pembroke Pointe 880

A Capital Markets Team of Scott O’Donnell, Mike Davis, Michael Lerner, Dominic Montazemi, Miguel Alcivar, Greg Miller and Rick Brugge Represented Duke Realty in the Disposition of the ±144,000-Square-Foot Broward County Office Building. Jason Hochman Assisted with Financing. PEMBROKE PINES, FL — Cushman & Wakefield announced today that it has negotiated the sale of Pembroke Pointe 880, a 143,535-square-foot Class A office building Broward County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Mike Davis, Michael Lerner, Dominic Montazemi, Miguel Alcivar, Greg Miller and Rick Brugge represented Duke Realty in the disposition. Pembroke Pointe Office LLC, an affiliate of Miami-based Midtown Capital Partners, LLC, acquired the asset. Jason Hochman of Cushman & Wakefield’s international Equity, Debt and Structured Finance (EDSF) platform assisted in securing a $22.7 million, long-term acquisition loan on behalf of the buyer. Pembroke Pointe 880 was developed in 2015. The building features 36,111-square-foot floor plates [...]

By | 2018-05-03T14:30:12+00:00 December 19th, 2017|In the News, Press Release|0 Comments

Puerto Rican Diaspora: Migration Flows to Florida and Economic Effects

New Cushman & Wakefield Research Report Explores the Grave Situation on the Ground in Puerto Rico, the Anticipated Puerto Rican Migration to Florida and the State’s Role in the U.S. Territory’s Recovery MIAMI, October 23, 2017 — Cushman & Wakefield today announced the publication of Puerto Rican Diaspora: Migration Flows to Florida and Economic Effects, a report examining the potential impact of a mass Puerto Rican migration to the U.S. mainland in the wake of Hurricane Maria. Florida Research Manager Chris Owen The report, authored by Chris Owen, Cushman & Wakefield Florida Research Manager, details how the widespread destruction caused by Hurricane Maria exacerbated an already dire situation on the ground in Puerto Rico and examines the role Florida will play in the U.S. territory’s recovery and the lives of hundreds of thousands of Puerto Ricans going forward. Highlights of the report can be found below: Florida officials are estimating up to 250,000 [...]

By | 2018-05-03T14:30:12+00:00 October 24th, 2017|In the News, Press Release|0 Comments

Cushman & Wakefield Negotiates $36.4M Sale of Reflections Apartments

Jay Ballard and Ken Delvillar Represented GoldOller Real Estate Investments in the Disposition of the 336-Unit Suburban Orlando Multifamily Community​ ORLANDO, October 5, 2017 — Cushman & Wakefield announced today that it has negotiated the sale of Reflections Apartments, a 336-unit suburban multifamily apartment community in Casselberry, FL. Cushman & Wakefield Senior Director Ken Delvillar Cushman & Wakefield Senior Director Jay Ballard Senior Directors Jay Ballard and Ken Delvillar represented GoldOller Real Estate Investments in the disposition. The RADCO Companies acquired the asset for $36.4 million ($108,333 per unit). Reflections Apartments is a 336-unit, three-story suburban garden multifamily community built in 1984 on a ±14.60-acre site at 100 Reflections Circle in Casselberry. This location, just north of downtown Orlando, provides convenient access to Interstate 4 and U.S. 17/92 as well as Full Sail University, Rollins College and Winter Park Memorial Hospital. Reflections Apartments offers a mix of one- and two-bedroom units. The average unit is 792 square feet. The [...]

By | 2018-05-03T14:30:12+00:00 October 5th, 2017|In the News, Press Release|0 Comments

Cushman & Wakefield Negotiates $30.3M Sale of Ocean Oaks Apartments

Jay Ballard and Ken Delvillar Represented GoldOller Real Estate Investments in the Disposition of the 296-Unit Volusia County Multifamily Community PORT ORANGE, FL, September 29, 2017 — Cushman & Wakefield announced today that it has negotiated the sale of Ocean Oaks Apartments, a 296-unit multifamily apartment community in Volusia County, FL. Cushman & Wakefield Senior Director Ken Delvillar Cushman & Wakefield Senior Director Jay Ballard Senior Directors Jay Ballard and Ken Delvillar represented GoldOller Real Estate Investments in the disposition. A joint venture of ApexOne Investment Partners and The Collier Companies acquired the asset for $30.25 million ($102,196 per unit). Ocean Oaks Apartments is a 296-unit garden multifamily community comprising 37 buildings. The property was developed in 1988 on a ±21.1-acre site at 1645 Dunlawton Avenue. This location, just south of Daytona Beach, FL, offers convenient access to both Interstate 95 and Interstate 4, which connect residents to the top colleges and universities, world famous beaches and entertainment venues along Florida’s [...]

By | 2018-05-03T14:30:12+00:00 October 2nd, 2017|In the News, Press Release|0 Comments

Cushman & Wakefield’s 2017 Florida Logistics Report Provides Detailed Insight into State’s Supply Chain Network

Florida’s Demand for Warehouse and Distribution Space May Soon Outpace Supply if the State’s Explosive Population Growth Continues ORLANDO, FL, September 21, 2017 — Cushman & Wakefield announced today that it has published its 2017 Florida Logistics Report. The report, authored by Florida Research Manager Chris Owen and Research Analyst Michelle McMurray, highlights Florida’s vital role in the global supply chain network and the unique strengths and challenges of its major logistical centers: Miami-Dade County, Broward County, Palm Beach County, Tampa, Lakeland, Orlando and Jacksonville. Download a copy of the report here. The 2017 Florida Logistics Report also examines the road, rail, air and sea capabilities and capacities for each of Florida’s major markets and analyzes the issues of supply and demand throughout the state. Notable findings include: Capacity and efficiency improvements over the next five years at Florida ports have the potential to capture market share from out-of-state ports and change supply chain dynamics. Highway and [...]

By | 2018-05-03T14:30:12+00:00 September 22nd, 2017|In the News, Press Release|0 Comments

Cushman & Wakefield Report: Office Rents Up Year-Over-Year in All Major Florida Markets

Class A Office Rents in Florida’s Major Markets Increased 6.2 Percent and Have Grown 16 Percent Since 2009​ ORLANDO, FL, September 1, 2017 — Cushman & Wakefield announced today that it has published its Second Quarter 2017 Florida Rental Report. The report, authored by Cushman & Wakefield Florida Research Manager Chris Owen and Research Analyst Gareth Watson, highlights Class A office market rental fundamentals in Florida’s major markets (Broward County, Jacksonville, Miami, Orlando, Palm Beach County and Tampa Bay) and compares the current quarter’s rates to those at the height of the last real estate cycle (2008–09). Key findings in the report include: Statewide, full-service asking rental rates for Class A office space increased 6.2 percent over the past year to $34.28 with all markets showing increases in asking rents. The latest jobs report shows a 2.7 percent increase, or the addition of 226,200 new jobs, over the past year, enhancing demand for office space. Overall, higher [...]

By | 2018-05-03T14:30:13+00:00 September 5th, 2017|In the News, Press Release|0 Comments

Cushman & Wakefield Report Highlights Growth of Florida’s Industrial Markets

Industrial Fundamentals Have Improved in All of Florida’s Major Markets Prompting a Spate of Speculative Development ORLANDO, FL, August 23, 2017 — Cushman & Wakefield Research announced today that is has released Florida’s Industrial Evolution, a report highlighting the strengthening of industrial markets throughout the state of Florida and a return to pre-recession industrial occupancy and rental rates. The document, authored by Cushman & Wakefield Research Analysts Kathleen Krilanovich and Michelle McMurray, also details positive industrial construction trends in Florida’s major markets — Tampa Bay, Miami, Orlando, Jacksonville, Broward County and Palm Beach County. “With nearly every major market performing at or better than pre-recession levels, Florida is a prime location for new construction and tenant expansion,” said Krilanovich. “Economic expansion, job growth and an influx of new people into the state contribute to increases in consumer spending and support the underlying demand for industrial space in Florida.” “For the first time since 2009, spec construction drove [...]

By | 2018-05-03T14:30:13+00:00 August 24th, 2017|In the News, Press Release|0 Comments