NAI Miami | Fort Lauderdale closes Purchase of $14M, 20.8-acre Homestead Land Parcel
Miami, FL – 9 May 2024 – NAI Miami | Fort Lauderdale, a leading member of the world’s premier managed network of commercial real estate firms, announced today the successful closing of a 20.8-acre land parcel sale located at 3000 Campbell Drive in Homestead for $14 million. Joseph R. Gallaher, Partner, and Jeremy S. Larkin, CEO, both of NAI Miami | Fort Lauderdale, represented the buyer, EIG MG Homestead. Baptist Health South Florida, was the seller.
EIG Homestead is a venture between The Estate Companies and Midtown Group. In September 2023, the joint venture was granted approval for Soleste Midtown, a mixed-use community comprising 354 luxury garden-style apartments and approximately 43,000 square feet of commercial space spanning six acres. The Estate Companies will develop and own the apartments and Midtown Group will develop and own the commercial parcels. Construction is expected to begin this Summer.
“With the quantity of residential development taking place in South Miami-Dade, retail has been in ever increasing demand reflected in its nominal vacancy. As stated, Soleste Midtown Homestead will be delivering a relief from this retail shortage with its multiple outparcels while also providing much needed housing units; units delivered with The Estate Company’s benchmark quality.
Working on one of the largest remaining developable land parcels in south Miami-Dade County has been an incredible experience. An experience made better by working with three of South Florida’s premier companies in The Estate Company, Midtown Group and Baptist Health South Florida.” said Gallaher.
For more information, please visit our website: www.naimia-ftl.com
About NAI Miami | Fort Lauderdale
Headquartered in the Dadeland Area of Miami, with additional offices in the Doral/Airport area, Downtown Coral Gables, and Downtown Fort Lauderdale, NAI Miami | Fort Lauderdale has been a market-leading, full-service commercial real estate brokerage firm since 1996, providing exceptional service and expertise in the South Florida Market. We are independent owner-operated and locally grown, with the freedom to act quickly and creatively on your behalf. With more at stake than traditional firms, NAI Miami | Fort Lauderdale takes your business personally and is committed to providing the highest level of service and smart execution.
At NAI Miami | Fort Lauderdale we possess the multiple disciplines required of a full-service real estate firm with expertise in sales and acquisitions, leasing, management, financing, planning, zoning, litigation support and forensic real estate analysis. We serve our clients with a single point of contact that effectively delivers a variety of strategic and tactical solutions across platforms. We understand the realities of today’s business world. The bottom line – we know that when we deliver results to our clients, we all benefit. To learn more, visit www.naimia-ftl.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.
