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Florida & Gulf Coast  |  February 4, 2021
David Cohen
By: David Cohen

CBRE Brokers Sale of 45-Acre MXU Development Site in Hialeah Gardens

CBRE has arranged the sale of a 45-acre mixed-use development site in Hialeah Gardens. The buyers, a joint venture between Butters Construction & Development and Greystar, plans to build Miami Midway Park, a 500,000-square-foot industrial park and a 360-unit garden-style multifamily community at the site.

Christian Lee, Chris Riley and Jose Lobon of CBRE as well as Devin White and David Albert of CBRE Industrial Leasing represented the JV in the acquisition. The seller was Terra Group.

The 30-year-old Butters organization is one of the leading developers in South Florida and has built more than 20 million square feet of commercial space in the region. South Florida is the fourth-fastest growing MSA nationally and is ranked third in employment, according to CBRE.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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