Press Release brought to you by NAI Miami

NAI Miami Represents AutoZone in 3 New Deals Totaling $3.3 Million

11/14/2017

NAI MIAMI

PRESS RELEASE

For Immediate Release

Contact:    Joseph Gallaher                                 Jeremy Larkin

                 305.938.4000                                      786.260.0402

                jgallaher@naimiami.com                    jlarkin@naimiami.com         

NAI Miami Represents AutoZone in 3 New Deals Totaling $3.3 Million

MIAMI, FLORIDA – NAI Miami, a member of the world’s premier managed network of commercial real estate firms, announced today their team of Joseph Gallaher and Jeremy Larkin negotiated on behalf of their client, AutoZone Stores, Inc two long-term leases and one sale.

The first deal is a 15-year, 29,185 square foot retail Ground Lease located off Bird Road in Miami, Florida.  The landlord is GRI-EQY (Concord, LLC) and was represented by Regency Centers.  The Lease is valued at nearly $1 million.

The second deal is a 15-year, 58,729 square foot retail Ground Lease located on the southeast corner of Orange Boulevard and Seminole Pratt Whitney in Loxahatchee, Florida.  NAI Miami’s team was assisted in this transaction by Bruce Corn of NAI Merin Hunter Codman (Palm Beach County office).  The landlord is Loxahatchee Venture 34, LLC.  This lease is valued at $787,500.

The third deal is a purchase of a 1.73-acre parcel located off Wiles Road, east of University Boulevard in Coral Springs, Florida.  The Seller was Blue Sky Holdings, Inc. The purchase was for $1.5 million.

AutoZone Stores, Inc. is the leading retailer and distributor of automotive replacement parts and accessories in the U.S and Mexico. NAI Miami’s Joe Gallaher has been AutoZone’s South Florida real estate representative since 2008 and has closed over 26 transactions with several more pending in the next 12 months. 

About NAI Miami

NAI Miami is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble responsive structure enabling us to efficiently deliver superior results. To learn more, visit www.naimiami.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 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing over 425 million square feet of property.  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 or www.naiglobalnewslink.com.

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11/14/2017 - 14:15

Source

NAI Miami

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