Greg Miller, Scott O’Donnell and Dominic Montazemi Represented Liberty Equities (USA), LC in the $3.6M Disposition of 1101 Northpoint Parkway

Cushman & Wakefield announced today that it has negotiated the sale of 1101 Northpoint Parkway, a 35,968-square-foot dock-high industrial building in Northpoint Commerce Park.

Senior Associate Greg Miller, Executive Director Scott O'Donnell and Managing Director Dominic Montazemi represented Boca Raton-based 1101 Associates, LLC in the disposition. New York-based Liberty Equities (USA), LC acquired the asset for $3.6 million ($100 per square foot). The Capital Markets Team co-marketed the property with CBRE’s Robert Smith.

1101 Northpoint Parkway was developed in 1991 and features 26-foot clear heights, four dock-high positions, two box truck-height docks and two drive-in ramps. Recent upgrades include an upgraded sprinkler system and the installation of T-5 fluorescent lighting in portions of the warehouse. The building is 100 percent leased to RSVP Global and Max Davis Associates.

1101 Northpoint Parkway is situated on a 2.72-acre parcel within the premier, 92-acre Northpoint Corporate Park. Northpoint Corporate Park is home to many national and local credit tenants and is an ideal location due to its great access to Interstate 95 as well as Downtown West Palm Beach and Palm Beach International Airport. The building is within walking distance to hotels, restaurants and various national retail chains.

“West Palm Beach continues to be one of the hottest industrial markets in the country due in part to the growing population and a robust economy,” said Miller. “Industrial properties that offer immediate access to Interstate 95 and multiple amenities are in high demand from area tenants.”

Including this transaction, the South Florida Commercial Team of O’Donnell, Montazemi, Miguel Alcivar, Miller and debt financing partner Jason Hochman Hochman have closed more than $469 million in sales and financing this year. Please visit www.southfloridacommercialteam.com for more information about the team.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.