Stanley Industries of South Florida Inc., which occupied the building as Gallery Industries, sold the building at 11305 N.W. 128 St. in connection with its move to South Broward County. Conmir Investments, an investor-user, is in the food-related business and makes the move from the Miramar Park of Commerce.
"The seller was happy because we achieved $5 to $7 per sf above two recent comps in the same development," says Rafael Villamizar, a broker involved in the deal. The six-year-old building is located in Medley Industrial Park.
Eric Person, senior vice president, and Villamizar, vice president, both in the local office of Grubb & Ellis, represented Stanley Industries of South Florida in the transaction. Florida Corporate Realty represented Conmir Investments.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
