Lee & Associates South Florida Completes Sale of Industrial Development Site in Miami
Lee & Associates South Florida President Matthew Rotolante and Associate Rodrigo Calderon successfully represent seller in $2.18 million transaction of Industrial development site in Miami
MIAMI, FL (April 24, 2024) – Lee & Associates South Florida brokered the $2.18 million sale of an industrial development site in Miami’s West Kendall area. Firm President Matthew Rotolante and Associate Rodrigo Calderon successfully marketed the property on behalf of the seller, a repeat client.
Herko Automotive Group, Inc. sold the 1.65-acre site at 14241 SW 140th St. to Civic 140 Street LLC. The property is located near the Miami Executive Airport in the Tamiami neighborhood.
Site plans are in place for the development of 26,368 square feet of warehouse space, including 20 flex-space condominium units (1,140-to-1,420-square-foot bays each with small offices). The broader submarket is experiencing historically low vacancies, creating strong demand for new product.
“It is exciting to produce another favorable outcome for an existing client,” Rotolante said. “We tapped into our knowledge of the industrial market in southern Miami-Dade County and relationships to achieve this outcome. The buyer is well-positioned to bring much-needed new warehouse space to the area.”
A fourth-generation Miami native, Rotolante consistently brokers impactful industrial sales and leasing transactions throughout the region. He has been involved in more than $500 million in industrial deals over the past two decades and also has developed a specialization in refrigerated warehouses in recent years.
About Lee & Associates | South Florida
Lee & Associates | South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee & Associates is the largest agent owned brokerage in the nation with Senior Agent’s ability to earn profit share resulting in the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making. The Lee & Associates’ robust national network that sold and leased over $32 Billion in 2022 offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee & Associates South Florida, visit leesouthflorida.com or follow us on Facebook, LinkedIn, Twitter and Instagram, our company local news.
Lee & Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee & Associates has grown its service platform to include over 75 offices in the United States and Canada. Lee & Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.
