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HFF Closes the $35.5 Million Sale of a Prime Warehouse Facility in the Growing Miami Area

Wednesday, August 26, 2015

Holliday Fenoglio Fowler, L.P. (HFF) recently closed the $35.5 million sale of Miami International Centre, a 20.89-acre former yacht manufacturing facility and existing 90-slip marina with access to the Miami River in Miami, Florida. Miami International Centre HFF marketed the asset on behalf of the seller, Alecta Real Estate Investment (Alecta). Interterra Investments Group purchased the offering.

Miami International Centre consists of the Upland Parcel, which houses six industrial warehouse buildings totaling 360,626 square feet, and the Marina Parcel, which has 37,982 square feet of existing buildings plus 90 covered boat slips. The site has access to Biscayne Bay via its proximity to the Miami River.

The Miami International Centre features:

  • Zoning for world-class, mixed-use development with retail, hotel, residential, office and/or marina uses
  • Largest land parcel of 21 acres located immediately east of the Miami International Airport
  • Directly across from the Miami Intermodal Center, Florida’s most significant rail transportation hub
  • Part of recently created 220-acre Palmer Lake Metropolitan Urban Center zoning district established by Miami-Dade County to foster the creation of a modern urban center

The HFF capital markets team representing Alecta was led by executive managing director Manuel De Zárraga, associate director Maurice Habif, managing director Jaret Turkell and director Marty Busekrus.

HFF Miami has been a leader of commercial real estate brokerage and financial intermediary services for almost 15 years. With many of its young professionals recognized by the South Florida Business Journal, the Miami team is a CoStar Power Broker 2014 and the No. 1 Capital Markets Intermediary during 2014 by Mortgage Bankers Association.

About Interterra Investments Group

Interterra Investments Group is headed by Jorge Hector Bernstein, an architect and urbanist with extensive experience both in his native Argentina and abroad. Bernstein specializes in repurposing existing buildings – utilizing their heritage and most characteristic features to reintegrate them within our urban landscape. His past projects include Argentina’s renowned Patio Bullrich and Abasto shopping centers, both of which have been honored by the International Council of Shopping Centers. Other works that exemplify Bernstein’s talent for configuring public spaces include Spinetto, Tattersall and Tribuna Plaza (also known as Hipodromo de Palermo). These projects have served as the framework for prestigious cultural and social events, such as Casa Foa, and demonstrate Bernstein’s close ties to the arts.

 






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