NewmarkKf Brokers Secure $44.3M Loan For Industrial Assets In Wynwood And Fort Lauderdale

An industrial property located at 490 Northwest 36th Street, 1100 Northeast 79th Street, and 812 Northwest 1st Street in the markets of Wynwood and Fort Lauderdale has been sold in a recent transaction. The property consists of 1,836 units with a total square footage of 237,044. The sale was facilitated by brokers Dustin Stolly, Jordan Roeschlaub, Chris Kramer, and Nick Scribani from Newmark Knight Frank.

Summary of transaction details:

• Property Type: Industrial
• Sale Date: 03/11/2020
• Address: 490 Northwest 36th Street, 1100 Northeast 79th Street, 812 Northwest 1st Street
• Market: Wynwood, Fort Lauderdale
• Brokers: Dustin Stolly, Jordan Roeschlaub, Chris Kramer, and Nick Scribani from Newmark Knight Frank

The deal involved a loan amount of $44,300,000 provided by Värde Partners. The loan terms are set for a duration of 5 years. The property was owned by (MCSS) Rivergate Companies and SJM Partners, represented by Jay Massirman, Steve Garchik, and Steve McBride.