August 29, 2023
MIAMI – Transwestern Real Estate Services (TRS) announces its South Florida Industrial team has brokered the acquisition of a 32,904-square-foot industrial property at 8855 NW 35th Lane in Doral, Florida, for $9.7 million. Senior Vice President Carlos Gaviria, Executive Managing Directors Ben Eisenberg and Walter Byrd and Managing Director Thomas Kresse represented the buyer, Jet Engine Technology Corporation, in the transaction.
“The property was originally built for an aviation repair user with heavy power and a fully air-conditioned warehouse, so we knew it was a perfect fit from the first tour,” said Gaviria. “Understanding Jet Engine Technology Corp’s long-term business objectives, we worked diligently to secure the asset with an unsolicited purchase offer.”
Founded in 1997, Jet Engine Technology Corporation provides jet engine maintenance services to the commercial airline industry. The new facility is located one mile from the company’s headquarters and will fulfill overflow and storage needs as the enterprise grows.
Transwestern’s South Florida Industrial team provides creative solutions that maximize real estate value through a sophisticated and proven methodology that helps meet and exceed financial objectives. With nearly 100 years of combined experience, the team uses deep market knowledge and industry expertise to uncover hidden opportunities and capitalize on shifting market dynamics.
Cushman & Wakefield’s Skylar Stein represented the seller in the transaction.
An image of the property is available for download here.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
Media Contact:
Jaime Luckey
678.521.3474
jaime@luckeycomms.com
twmediarelations@transwestern.com
