MIAMI-Cummings Leasing paid Nortrax Corp. of Moline, IL a premium $975,000 or $84.78 per sf for the 11,500-sf Nortrax Building on a three-acre site and plans to spend another $300,000 upgrading the property in Pompano Beach, FL.
MIAMI-Donna Winton, whose husband is a local real estate developer, has worked in the market for more than 10 years. Ida K. Schwartz comes to the Miami Beach firm with a financial background. The company focuses on luxury condominium properties.
MIAMI-Brokers for the 4.5 million-sf park signed six new office/warehouse leases for a combined 127,534 sf. Marlin Showcase Co., a new manufacturing business, leased the largest amount with 65,794 sf.
MIAMI-The city will pay $7.2 million for the property, in the heart of Broward County, and plans to spend $4.5 million to $6.9 million to build a golf course, golf club and 60-acre park.
MIAMI-Plaza Group of Fort Lauderdale gets the green light for the $170 million, 250-unit condominium community that will have 12,000 sf of retail, 7,000 sf of restaurant space and a 332-vehicle parking garage on Ocean Drive, divided by State Road A1A facing the Atlantic.
MIAMI-The 87,000-sf, $4.2 million facility in nearby Hialeah Gardens, FL, is scheduled to be completed next spring. It will consolidate four plants out of which the company currently operates and increase space for the growing powerboat manufacturer.
MIAMI-The $92 million, 23-story mixed-used center is nearly finished. Among its office, restaurant and retail tenants will be Bank of America's regional offices and a bank branch, taking up 75,000 sf of the center's 411,000 sf.
MIAMI-The estimated $11.78 million, eight-year sublease is the largest in two years in the Brickell Avenue financial district where the 31-story, 522,843-sf 1111 Brickell Avenue building will carry the Mellon Bank logo instead of the Barclays Financial Center signature.
MIAMI-The deal is a lease renewal at the Lakeview Center warehouses in Dania, FL, where the beach apparel manufacturer downsized from 22,685 sf. The seven-building, 210,045-sf warehouse complex is 91%-occupied.
MIAMI-West Palm Beach, FL- based General Distribution Center Inc. will occupy 12,800 sf of space for at least five years in the 180,000-sf shopping center at 6198 S. Congress Ave. in Lantana, FL.