Posts by Newmark

Fully-Leased Industrial Building Trades For $30M In Off-Market Deal

Newmark announced the $30 million sale of 15800 SW 25th Street in Miramar. In an off-market transaction, the asset was sold by 15800 Building LLC to an undisclosed institutional buyer. Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda, along with Managing Director Alan Long, were the sole brokers on the transaction. The industrial building, located within Miramar Centre Business Park, is fully leased to…

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Hilco Redevelopment Partners Completes The Purchase Of An 8.5-Acre Property In The Booming South Florida Industrial Development Market

CHICAGO, June 1, 2021 /PRNewswire/ — Hilco Redevelopment Partners (HRP), a unit of Hilco Global, announced today the purchase of an industrial development site located at 11002 Northwest S. River Drive in Medley, FL. The 8.5-acre property is part of a larger 25-acre Superfund site which has previously undergone corrective action. HRP has current plans to develop the site into…

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SMT Duty Free Signs Renewal With Blackstone at Miami Property

SMT Duty Free renewed its industrial lease at 8925-8935 NW 27th St. in Miami. The tenant will remain in 50,049 square feet of the 109,110-square-foot industrial property. Miami International Business Park – Building 3 was constructed in 1999 on 4.8 acres in the Miami Airport West industrial submarket of South Florida. It features a 10% office…

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Tales from the industrial boom

A former Miami golf course turned into an industrial park. A Hollywood warehouse chopped up into six smaller offerings. And a bidding war over industrial space in East Hialeah. Commercial brokers recount these tales in South Florida, a market with high demand for warehouses but not enough industrial-zoned land for new development. Industrial experts must…

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Luxury Leisure And Hospitality Firm Relocates, Expands – Inks 47,000 SF Lease Deal

Newmark announces a new 47,175-square-foot lease for Nuage Designs at Eastview Commerce Center (ECC) in Miami. Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda and Associate John Mejia represented the landlord, Panattoni Development, and the tenant in the transaction. “This relocation and expansion for Nuage Designs will allow them to continue expanding their business and building their successful brand,” said Wigoda. “The need for quality warehousing…

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Badia Spices buys Sweetwater warehouse for $44M

Badia Spices is set to ramp up its production after purchasing a warehouse in Sweetwater for$44 million. Clearwater-based Tech Data Corp. sold the312,456-square-foot warehouse at 2200 N.W.112th Ave. to Badia Spices, a family-owned manufacturer and distributor of spices, seasoning, marinades, sauces and more. The price equated to $141 per square foot. The buyer was represented…

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With business back on track, vitamin-maker Avanti is leasing more space in Miami Lakes

With business back on track and its employee numbers growing, supplements-producer Avanti Nutritional Laboratories is increasing its Miami Lakes footprint by 50%. The South Carolina-based vitamin maker has signed a five-year lease at Palms Corporate Centre for 40,000 square feet of warehouse space, said Steve Medwin, a Newmark manager that arranged the deal with landlord…

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Brookfield snags Miami Lakes warehouse for $22M

Property is 100% leased to Miami International Freight Solutions Brookfield Property Partners snagged a warehouse in Miami Lakes for $22.2 million, as institutional investors continue to target industrial properties in South Florida. A company tied to the Toronto-based investment manager bought the 192,500-square-foot warehouse at 14100 Northwest 60th Avenue for $115 per square foot, records…

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South Florida Business Journal | 2020 Power Leaders in Real Estate

Steve Medwin Executive Managing Director, Newmark Miami Medwin represents owners, investors and occupiers of commercial real estate. Over his nearly 30-year career, he has completed over 1,000 commercial transactions in 25 states, valued at over $2 billion. In 2019, he was his company’s ninth highest-producing industrial broker in the nation. Birthplace: Providence, Rhode Island Education:…

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