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Newmark Brokers $44M Sale of Miami Industrial Facility

Newmark has arranged the $44 million sale of a 312,600-square-foot industrial property in Miami’s Dolphin Commerce Park. The transaction marks the largest warehouse sale by both size and price to a user-occupier in South Florida over the past four years.

Located at 2200 NW 112th Ave., the property is across from Dolphin Mall and offers access to main arteries including the Florida Turnpike and the Dolphin Expressway (SR-836). The facility was completed in 2002 and is situated on nearly 16 acres.

Steve Medwin and Nick Wigoda of Newmark represented the buyer, Badia Spices, in the transaction. The seller was Tech Data Corporation. Badia Spices is a leading family-owned Hispanic food company that manufactures, packages and distributes spices, seasoning blends, marinades, sauces, teas, health items and other products to more than 70 countries around the world.

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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.

  • ◦Sale/Acquisition