April 04, 2025
MIAMI – Transwestern Real Estate Services (TRS) announces its South Florida Industrial team has brokered the disposition of a 4.05-acre industrial lot at NW 6th Street and 137th Avenue in Miami’s Airport West submarket. TRS Senior Vice President Carlos Gaviria represented the seller and Cushman & Wakefield’s Matt Bittel represented the buyer, Metrobloks, which plans to build a multi-tenant data center on the site.
“Securing an owner-user maximized investment returns for Sagard,” said Gaviria. “This transaction underscores the continued demand for industrial product in Miami’s Airport submarket and the value of broker relationships to achieve mutually beneficial outcomes.”
The fully fenced property is positioned at the signalized intersection of NW 6th Street and NW 137th Avenue, which provides immediate access to SR 836 and direct frontage on NW 137 Ave, with average daily traffic of nearly 50,000 vehicles. The property features three points of ingress/egress and offers quick access to Florida’s Turnpike, Palmetto Expressway, and Miami International Airport.
According to Transwestern research, the Miami Airport submarket outperformed its peers in Q4 2024, recording the highest development activity, with 1.6 million SF under construction, the strongest net absorption at 151,000 SF, and the highest average rental rate at $18.05 PSF.
South Florida Industrial team
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.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Media Contact:
Jaime Luckey
678.521.3474
jaime@luckeycomms.com
twmediarelations@transwestern.com
