Owner/Investor Seeking Urban Infill Site
SITUATION
Many “last mile” industrial users seek industrial space near Miami’s urban core. The third largest data storage company in the world was no different.
- The Miami Industrial market remains one of the country’s hottest, experiencing low vacancy and explosive rent growth.
- Infill locations are virtually inexistent because highest and best use result in alternative uses.
STRATEGY
- The Blanca team set out to uncover “off-market” opportunities that would meet the client’s needs and identified the McArthur Dairy property as a unique opportunity given the parent company’s recent bankruptcy filing.
- To avoid public auction, the Blanca team provided strategic guidance to position MR. Mana at a distinctive advantage.
- The bankruptcy judge requested that our buyer maintain the ongoing milk business as it accounts for 30% of South Florida’s supply.
- The team facilitated the negotiation of an operational agreement with Cream-O-Land, taking over a 130-employee company, and performed the due diligence of over 175,000 SF of milk production and distribution facilities in 3 counties.
RESULTS
- The Blanca team manages every aspect of the acquisition and due diligence during an unprecedented pandemic.
- Our client maintained the ability to build additional industrial space creating a win-win for all sides.
- An iconic Miami brand was salvaged, milk production continued during the pandemic, and we found our client a “needle in a haystack” property.
MIAMI QUIETLY RECLAIMS ITS CRYPTOCURRENCY CROWN AS MARKET SIGNALS POINT TO PROMISING COMEBACK
/in In the news /by Geraldine GonzalezMEDIA CONTACT: Levy Public Relations Full Article The Magic City could soon be better known as the “Crypto City,” as certain market signals have risen to the surface and […]
BLANCA CRE EXPANDS SOUTH FLORIDA OFFICE PORTFOLIO INTO BOCA RATON, GREATER FORT LAUDERDALE
/in In the news /by Geraldine GonzalezMEDIA CONTACT: Levy Public Relations Full Article Blanca Commercial Real Estate announced its expansion in Boca Raton as the exclusive leasing agent for three PEBB Enterprises office properties in Boca Raton and Greater […]