MIAMI—Colliers International South Florida has taken Megacenter Palmetto from zero to 75 in just five months. Agents have repositioned the completely vacant 171,000-square-foot, retail/flex property and brought it to 75% occupancy.
Located at 8600 NW South River Drive in Medley, FL, Megacenter, a group of investors from Chile, acquired the industrial asset on Jan. 1, 2013. Colliers' Miami industrial team, including Mort Fetterolf, director of Industrial Services and Erin Dee, industrial associate, worked on the leasing strategy.
"The prelease up success of Megacenter is indicative of continued strong demand for well-located industrial product in South Florida," says Fetterolf. "Paired with aggressive marketing and hands on ownership, our team implemented a creative strategy to reposition the asset."
Continue Reading for Free
Register and gain access to:
- 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
© 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.
