Miami, FL – 30 July 2025 – NAI Miami | Fort Lauderdale is pleased to announce the successful sale of a premier industrial asset located at 16300 NW 97th Avenue in Hialeah, Florida, for $52 million. The buyer, represented by Gabriel Garcia-Menocal, SIOR, Executive Vice President at NAI Miami | Fort Lauderdale, purchased the property from East Capital Partners, co-founded by Drew T. Dewitt and David Archibald, and represented by Devin White, Executive Vice President at CBRE.

The 171,178-square-foot property was recently completed and delivered as a modern distribution facility tailored for high-demand logistics and industrial users. Located in one of South Florida’s most competitive industrial submarkets, the asset drew significant interest for its scalability, accessibility, and construction quality.

“This property presented a rare opportunity in a highly sought-after industrial submarket. We’re proud to have delivered a modern facility that meets the needs of today’s top-tier operators,” said Archibald, “We are thankful to Devin from CBRE, our financial partner, VlietCo Enterprises, and lender, FirstBank Florida, for their backing as well as our development team, Miller Construction, Langan Engineering, and Arcadis Architects.”

“East [Capital Partners] selected an experienced general contractor and design team who delivered an exceptional building,” said Michael Seay, PE, Principal at J Squared Consulting, due diligence and engineering consultant to Buyer. “That made the due diligence and closing process seamless.”

The transaction was also supported by professionals assisting the buyer, Rolando Sanchez-Medina Jr. and Michael A. Montiel of SMGQ Law and Robert Garcia of Popular Bank, who managed the financing. “Collaborating with this Due Diligence team was a genuinely rewarding experience”, said Sanchez-Medina. “The team’s shared commitment to excellence was evident at every stage of the transaction. It was a pleasure to work with such dedicated professionals.”

“We were honored to represent the buyer in securing this best-in-class asset,” said Garcia-Menocal. “This acquisition not only supports the buyer’s continued expansion efforts but reinforces their presence in South Florida.”

Gabriel Garcia-Menocal, SIOR, serves as Executive Vice President at NAI Miami Fort Lauderdale. With over 30 years of combined experience in real estate brokerage, construction, development, valuation, and consulting, he brings deep expertise to the South Florida commercial real estate market. Mr. Garcia-Menocal is known for his leadership, professionalism, industry knowledge, and commitment to representing buyers, sellers, landlords, and tenants across all classes of industrial and office properties. For more details about Mr. Garcia-Menocal, his team, and the services offered by NAI Miami Fort Lauderdale, visit www.naimia-ftl.com.