Brookfield Asset Management Purchases Property In Miami For $19.5M With Devin White As Seller's Rep

The property involved in this transaction is a single-tenant warehouse located at 7500 NW 35th Terrace, Miami, FL, measuring 179,972 square feet. It was sold for $19,500,000. The distribution center, known as the Tire Group International Distribution Center, is situated in the Miami market, specifically within the Airport West submarket. The facility, completed in 1980 and renovated in 2006 and 2015, features 26-foot clear heights, a new ESFR fire sprinkler system, and up to 175-foot truck court depths.

Summary of transaction details:

• Property Type: Warehouse
• Transaction Amount: $19,500,000
• Address: 7500 NW 35th Terrace, Miami, FL, 331
• Square Footage: 179,972
• Market: Miami
• Seller: TDH Realty
• Buyer: Brookfield Asset Management
• Seller's Representative: Devin White (CBRE)
• Additional Representatives: David Wigoda, Sean Kelly (CBRE)

This sale involved the collaboration of multiple professionals from CBRE, with Devin White as the representative for the seller, TDH Realty. Senior Vice Presidents David Wigoda and Devin White, along with Financial Analyst Sean Kelly, played significant roles in facilitating this transaction. The property was previously owned by Tire Group International from 2006 to 2013 before being sold to TDH Realty.