{"id":1004239325,"date":"2018-07-02T22:11:36","date_gmt":"2018-07-03T06:11:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004239325"},"modified":"2022-12-07T17:37:55","modified_gmt":"2022-12-08T01:37:55","slug":"hellmann-trades-miami-area-hq-for-43m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hellmann-trades-miami-area-hq-for-43m\/","title":{"rendered":"Hellmann Trades Miami-Area HQ for $43M"},"content":{"rendered":"

By Timea Papp<\/p>\n

\"Hellmann<\/a>

Hellmann Worldwide Logistics<\/p><\/div>\n

CBRE Capital Markets has brokered the $43.1 million sale of the Hellmann Worldwide Logistics facility, a 240,666-square-foot property in Doral, Fla. Industrial Logistics Properties Trust, managed by The RMR Group, acquired the industrial asset from Hellmann Worldwide Logistics.<\/p>\n

Located at 10450 N.W. 41st<\/sup> St., the building has served as Hellmann\u2019s North American headquarters since its construction in 1996. As a condition of the transaction, Hellmann entered into a leaseback agreement for at least 10 years with the new owner. The facility features 24-foot clear heights, 115 to 125-foot truck court depths and includes 65,700 square feet of freezer and cooler space, as well as 65,900 square feet of office space spanning across two levels.<\/p>\n

Coveted submarket<\/h2>\n

The CBRE team of Vice Chairmen Christian Lee and Chris Riley, alongside Senior Vice Presidents Jos\u00e9 Lobon, Devin White and Ned Burns, represented the seller in the transaction. Hellmann is an Osnabr\u00fcck, Germany-based full-service logistics company that operates in 162 countries.<\/p>\n

\u201cThe property is located within the Miami Airport submarket, where industrial rents have historically outperformed all other submarkets in the area. Since 2011, this submarket has absorbed 7.5 million square feet, representing 32 percent of Miami-Dade County\u2019s total absorption over this timeframe,\u201d<\/em> Lobon explained in a prepared statement.<\/p>\n

CBRE Vice President Amy Julian, with CBRE\u2019s Debt & Structured Finance practice, and Financial Analyst Joseph Chick were also part of the team representing the seller. Earlier this year, in May, Julian was involved in the $127 million sale of SunTrust International Center<\/a>, a nearly 450,000-square-foot, Class A office tower in downtown Miami.<\/p>\n

Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The full-service logistics company, based in Germany, entered into a long-term leaseback agreement with the new owner, Industrial Logistics Properties Trust.<\/p>\n","protected":false},"author":240,"featured_media":1004239331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,1492,21742],"tags":[35048,32789,35047,40913,35049,33461],"class_list":["post-1004239325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-miami","category-latest","tag-amy-julian","tag-cbre","tag-christian-lee","tag-devin-white","tag-jose-lobon","tag-the-rmr-group"],"acf":[],"yoast_head":"\nHellmann Trades Miami-Area HQ for $43M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hellmann-trades-miami-area-hq-for-43m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hellmann Trades Miami-Area HQ for $43M\" \/>\n<meta property=\"og:description\" content=\"The full-service logistics company, based in Germany, entered into a long-term leaseback agreement with the new owner, Industrial Logistics Properties Trust.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hellmann-trades-miami-area-hq-for-43m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-03T06:11:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T01:37:55+00:00\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Hellmann-Worldwide-Logistics-Facility.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hellmann-trades-miami-area-hq-for-43m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hellmann-trades-miami-area-hq-for-43m\\\/\"},\"author\":{\"name\":\"Timea-Erika Papp\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"headline\":\"Hellmann Trades Miami-Area HQ for $43M\",\"datePublished\":\"2018-07-03T06:11:36+00:00\",\"dateModified\":\"2022-12-08T01:37:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hellmann-trades-miami-area-hq-for-43m\\\/\"},\"wordCount\":274,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hellmann-trades-miami-area-hq-for-43m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/07\\\/Hellmann-Worldwide-Logistics-Facility.jpg\",\"keywords\":[\"Amy Julian\",\"CBRE\",\"Christian Lee\",\"Devin White\",\"Jose Lobon\",\"The RMR Group\"],\"articleSection\":[\"Deals\",\"Industrial\",\"Investment\",\"Miami\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hellmann-trades-miami-area-hq-for-43m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hellmann-trades-miami-area-hq-for-43m\\\/\",\"name\":\"Hellmann Trades Miami-Area HQ for $43M - 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