Mandich Group adds to cold storage portfolio with Orlando acquisition
The company, run by sons of late Miami Dolphins player Jim Mandich, paid $4M for the 63,712-square-foot facility in Orlando and leased it to Taylor Farms
UPDATED, Aug. 27, 9 a.m.: A company run by the sons of late Miami Dolphins football player Jim “Mad Dog” Mandich bought a cold storage warehouse in Orlando for $4 million.
The buyer of the 63,712-square-foot facility was an affiliate of Miami-based Mandich Group LLC, run by Michael, Mark, and Nick Mandich.
Mandich Group financed the acquisition with a $2.8 million loan from City National Bank of Miami.
California-based Taylor Farms, a national producer of fresh-cut fruits and vegetables, leased the entire cold storage warehouse at 1601 Atlanta Avenue in Orlando.
David Podein, a partner of law firm Haber Slade, and Katrina Sosa, an associate, worked with Mandich Group on the property acquisition, the bank financing and the lease deal with Taylor Farms.
Podein and Sosa represented Mandich Group in its $9.62 million acquisition of a 133,000-square-foot cold storage warehouse at 501 Northeast 183 Street in Miami in October 2017.
Podein and Sosa also helped Mandich Group acquire an 18,152-square-foot cold storage warehouse in Doral for $2.8 million in May 2017. The lawyers at Haber Slade also represented the company in the financing and leasing of the property at 1375 Northwest 89 Court in Doral.
Jim Mandich, who died in 2011, played for the Miami Dolphins from 1970 to 1977 and the Pittsburgh Steelers in 1978. After retiring from football, he was a sports talk show host for radio stations WIOD and WQAM. – Mike Seemuth
An earlier version of this story used an incorrect photo of Michael Mandich.