{"id":1004356094,"date":"2019-09-29T21:28:06","date_gmt":"2019-09-30T05:28:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004356094"},"modified":"2025-02-27T22:28:07","modified_gmt":"2025-02-28T06:28:07","slug":"cbre-arranges-20m-sale-of-miami-distribution-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-20m-sale-of-miami-distribution-center\/","title":{"rendered":"CBRE Arranges $20M Sale of Miami Distribution Center"},"content":{"rendered":"
\"Tire<\/a>

Tire Group International Distribution Center. Image courtesy of CBRE<\/em><\/p><\/div>\n

CBRE has brokered the $19.5 million sale of the Tire Group International Distribution Center, a 179,972-square-foot single-tenant warehouse in Miami. TDH Realty sold the property to Brookfield Asset Management, according to the South Florida Business Journal<\/em>. CBRE Senior Vice Presidents David Wigoda and Devin White, along with Financial Analyst Sean Kelly, represented the seller in the deal.<\/p>\n

Located at 7500 N.W. 35th Terrace in the Airport West submarket, the property is right off Palmetto Expressway, with Dolphin Expressway less than 3 miles south. Miami International Airport is roughly 5 miles east, while Port of Miami\u2019s cargo terminals are 11.8 miles east of the distribution center. Additionally, more than 4.5 million people live within a 1-hour drive of the property.<\/p>\n

The distribution center was completed in 1980 and renovated in 2006 and 2015. The facility features 26-foot clear heights, a new ESFR fire sprinkler system and up to 175-foot truck court depths. According to Miami-Dade County records, Tire Group International owned the property between 2006 and 2013, then sold it to TDH Realty for $14 million, but remained the sole tenant of the building ever since.<\/p>\n

South Florida\u2019s industrial market is one of the most coveted in the country. In August, a CBRE team represented the seller in the state\u2019s largest industrial transaction<\/a> so far this year. The 1.6 million-square-foot property is roughly 8 miles north of the Tire Group International Distribution Center.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to deals@cpe-mhn.com<\/strong><\/a>.<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"

David Wigoda, Devin White and Sean Kelly assisted TDH Realty in the disposition of the 179,972-square-foot warehouse located in the Airport West submarket. <\/p>\n","protected":false},"author":870,"featured_media":1004356103,"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":[33496,32789,40913],"class_list":["post-1004356094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-miami","category-latest","tag-brookfield-asset-management","tag-cbre","tag-devin-white"],"acf":[],"yoast_head":"\nCBRE Arranges $20M Sale of Miami Distribution Center - 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\/cbre-arranges-20m-sale-of-miami-distribution-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges $20M Sale of Miami Distribution Center\" \/>\n<meta property=\"og:description\" content=\"David Wigoda, Devin White and Sean Kelly assisted TDH Realty in the disposition of the 179,972-square-foot warehouse located in the Airport West submarket.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-20m-sale-of-miami-distribution-center\/\" \/>\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=\"2019-09-30T05:28:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T06:28:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/TGI-Distribution-Center-e1569591528388.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1197\" \/>\n\t<meta property=\"og:image:height\" content=\"897\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-20m-sale-of-miami-distribution-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-20m-sale-of-miami-distribution-center\/\",\"name\":\"CBRE Arranges $20M Sale of Miami Distribution Center - 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