Stephen Smith, SIOR
ComReal Miami
Miami, FL
Port Miami
Cooperating SIOR Members:
Transaction Type & Details:
Client Objectives:
Transaction Profile:
Solution:
Transaction Date: April 18, 2013
Transaction Type: Sale
Building Type: Industrial
Building Size: 532,261 sq ft
Sales Price: $11,250,000
Gerard Keating (and the purchaser) selected Ed Redlich
through the SIOR membership directory. Redlich has
more than 18 years of experience in Miami’s industrial
real estate market and had traveled to Panama on a
trade mission which impressed Keating.
• Identify the largest available industrial site on rail closest to Port Miami which is undergoing a $6B upgrade.
• Acquire a significant industrial property that has potential upside after adding value – in-fill development.
• Keating needed a broker that understood Miami’s industrial market as well as the future impact of the expansions at Port Miami and the
Panama Canal.
• Largest 20 acre industrial site closest to Port Miami.
• Keating was the 3rd buyer to have the property under contract.
• Several months were needed to complete the transaction which included time for negotiations, due diligence inspections, market research
and financing.
• Largest warehouse sold in Miami in 2013 at the time of closing.
• Five SIORs worked together toward a successful closing. Three were on the buyer’s side and two were on the seller’s side.
• The brokers all relied on each other’s high level of trust, inherent amongst all SIORs.
• The subject property was highlighted at an SIOR luncheon in Miami the month prior to Redlich presenting it to Keating.
Ed Redlich, SIOR, CCIM
ComReal Miami
Miami, FL
Gerard Keating, SIOR, CCIM
Keating Resources
Geneva, IL
Jonathan Aibel, SIOR
Americas Industrial Realty
Miami, FL
Alex Bernaldo, SIOR
Americas Industrial Realty
Miami, FL
