Cushman & Wakefield has arranged the sale of a warehouse/distribution center in Pembroke Pines, FL for $59,650,000. The industrial property includes a vacant building and approximately 23.2 acres of land. Mike Davis, Dominic Montazemi, Rick Brugge, Rick Colon Greg Miller and Mike Ciadella represented the seller Sheridan Real Estate Investment A LLC & Sheridan Real Estate Investment C LLC in this transaction while Summit Real Estate Group’s Arrowrock US Industrial Fund IV was the buyer.
Rick Etner Matthew McAllister Christopher Thomson and Chris Metzger from Cushman & Wakefield’s South Florida Industrial Team supported the sale process as well as representing Summit in leasing out both an existing vacant building on site along with a spec building being developed there too at 20311 Sheridan St.. Extensive make-ready work is planned by Summit to get it ready for tenants soonest possible time frame.
