 |
| Manny De Zarraga |
MIAMI, FL – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $35.5 million sale of Miami International Centre, a
20.89-acre former yacht manufacturing facility and existing 90-slip marina with
access to the Miami River in Miami, Florida.
HFF marketed the asset on
behalf of the seller, Alecta Real Estate Investment (Alecta). Interterra Investments Group purchased the
offering.
Miami International Centre
is poised to be home to a world-class mixed-use development featuring retail,
hotel, residential, office and/or marina uses.
At almost 21 acres, it is the largest land parcel located immediately
east of the Miami International Airport and is directly across from the Miami
Intermodal Center, Florida’s most significant rail transportation hub.
The site is part of the recently-created
220-acre Palmer Lake Metropolitan Urban Center zoning district established by
Miami-Dade County to foster the creation of a modern urban center.
 |
| Maurice Habif |
Miami International Centre
consists of the Upland Parcel, which houses six warehouse buildings totaling
360,626 square feet, and the Marina Parcel, which has 37,982 square feet of
existing buildings plus 90 covered boat slips.
The site has access to Biscayne Bay via its proximity to the Miami
River.
The HFF capital markets
team representing Alecta was led by executive managing director Manuel De
Zárraga, associate director Maurice Habif, managing director Jaret Turkell and
director Marty Busekrus.
“With its proximity to
Miami International Airport, the Miami Intermodal Center, the Miami River and
the Dolphin Expressway (SR 836), we feel that the Miami International Centre
site is the most highly-connected development opportunity in Florida,” Habif
said.
“With the recent zoning changes to
Palmer Lake, the site and the immediate area are ready to become the next great
hub of development within South Florida.”
Speaking on the Miami
International Centre, Interterra Investments Group head Jorge Hector Bernstein
has voiced that he considers the property the epicenter of Palmer Lake, and the
property’s proximity to an international airport ties into one of his personal
mottoes: Look for today's busiest airports, and you will find the great urban centers
of tomorrow.
For a complete copy of the company’s
news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
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