Wynwood assemblage – Sarkis Izmirlian | $26M
A billionaire hotelier based in the Bahamas has turned his sights to Miami, paying $26.4 million for an assemblage in Wynwood with plans to build a mixed-use project.
Sarkis Izmirlian, the original developer of Baha Mar in the Bahamas, bought the properties at 201 Northwest 21st Street and 210 Northwest 22nd Street in Miami through a Delaware company, Miami Development 2122 Trustee, Inc.
The seller is Sam Herzberg, whose real estate investment firm, The Sterling Building Inc., includes Richard Do and David Herzberg.
Webster Park – AEW Capital Management | $25M
Boston-based AEW Capital Management bought four warehouses at 7200 Northwest 25th Street for $25 million, records show.
Miami-based Cofe Properties sold the 178,521-square-foot property for $140 per square foot. The warehouses are part of a complex known as Webster Park that was built in 1972.
In 2016, records show Cofe Properties purchased the warehouses for $16.6 million. The most recent sale represents a 50 percent increase from the last sale price.
1051 Commerce Parkway – WPT Industrial REIT | $9M
Toronto-based WPT Industrial REIT bought an industrial park right off the Florida Turnpike for $9.4 million.
The property at 10501 Commerce Pkwy is 100 percent leased to tenants that include FedEx Ship Center and Miramar Appliance Repair, according to a press release. The seller was CalSTRS.
The purchase was part of a $226 million portfolio acquisition of 13 properties and three land parcels across the country, which totaled roughly 2.2 million square feet of industrial space.
Mangonia Park industrial park – Alliance HSP | $9M
Alliance HSP paid $8.7 million for an industrial property just outside of West Palm Beach.
The company bought the 6-acre industrial park at 1601 Hill Avenue for $1.45 million per acre. A company tied to Gaeta Limited Partnership of Palm Beach Gardens bought the property in Mangonia Park. It was built in 1975.
Pompano Beach warehouse – Jackson Land Development | $7M
Jackson Land Development bought a warehouse in Pompano Beach for $7 million.
A company tied to Allen Prince and Gordon Ditzel sold the 72,900-square-foot industrial property at 1411-1461 Southwest 31st Avenue to Jackson Land Development, which is based in Pompano Beach.
The property, near the Fort Lauderdale Executive Airport and close to Powerline Road, sold for $96 per square foot.