Greenspoon Marder Represents Client In Sale Of A Multi-Million Industrial Warehouse Facility in Miami

May 22, 2020

Miami, FL – May 7, 2020 – Greenspoon Marder represented GFTF, LLC in the sale of an 87,100 square foot industrial warehouse facility located at 7400 NW 37th Avenue, Hialeah, FL. Greenspoon Marder Partner David Weisman, a Board Certified Real Estate Lawyer, provided real estate and corporate counsel to the seller and served as closing and title agent. The sale price of the transaction was $7,550,000.00. The purchaser was Chicago based Plage Associates, LLC, an affiliate of Zaragon, Inc. with a loan in the amount of $5,662,500.00 from CIBC Bank USA. Mr. Weisman also handled the negotiation and drafting of a long term triple net leaseback of the property to an affiliate of the seller, a leader in supplying manufactured steel products to South Florida’s robust pipeline of active commercial developments.

“With returns so low on liquid investments and mortgage rates so reasonable, quality real estate provides solid, dependable returns for investors,” comments Mr. Weisman. “As long as there are good assets available, the transactions will continue to close. The commercial real estate market has remained surprisingly active during the shutdown.”

About Greenspoon Marder

Greenspoon Marder LLP is a full-service law firm with over 240 attorneys and more than 20 office locations across the United States. With operations from Miami to New York and from Denver to Los Angeles, our firm attracts some of the nation’s top talent in key markets and innovation hubs. Our core practice areas include Real Estate, Litigation, and Transactional Services, complemented by the capabilities of a full-service firm. Greenspoon Marder has upheld a spot on The American Lawyer’s Am Law 200 as one of the top law firms in the U.S. since 2015, and our goal is to provide exceptional client service by developing a thorough understanding of each client’s business needs and objectives in order to provide strategic, cost-effective solutions.

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Natalie Villanueva, Director of Marketing
954.333.4308 | [email protected]

This Greenspoon Marder LLP Client Alert is issued for informational purposes only and is not intended to be construed or used as general legal advice nor a solicitation of any type. Please contact the author(s) or your Greenspoon Marder LLP contact if you have any questions regarding the currency of this information. The hiring of a lawyer is an important decision. Before you decide, ask for written information about the lawyer’s legal qualifications and experience.

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Greenspoon Marder Represents Client In Sale Of A Multi-Million Industrial Warehouse Facility in Miami

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