The Real Deal Miami

Davie industrial land changes hands for $11.7M

Company linked to Southern Waste Systems is the buyer
August 11, 2014 12:45PM

Miles Austin Forman and Charles Gusmano

Miles Austin Forman and Charles Gusmano

A company tied to Southern Waste Systems picked up a large industrial site in Davie for $11.7 million.

Oakes Road LLC acquired the nearly 1.5 million square foot property at 4715 Oakes Road in a transaction recorded on Friday, according to Broward County records. It did not obtain financing for the purchase. State corporate records identify Charles Gusmano of Southern Waste as the buying company’s manager.

Only a 4,000 square foot warehouse is presently located on the land, so there is plenty of room for a large development.

Twin Lakes Land Co. sold the property to Oakes Road. Longtime developer Miles Austin Forman is the president of the company. County records do not indicate what Twin Lakes paid for the land. — Eric Kalis