CBRE has executed the $43.1 million sale of the Hellmann Worldwide Logistics facility in Doral.
The 240,666-square-foot facility was sold to Industrial Logistics Properties Trust, a publicly-traded REIT managed by The RMR Group, Inc. The Seller, Hellmann Worldwide Logistics, Inc. (“Hellmann”), has owned and occupied the property since its completion in 1996, serving as their North American headquarters.
Hellmann was exclusively represented by the CBRE Capital Markets team of Christian Lee, Vice Chairman; Chris Riley, Vice Chairman; José Lobón, Senior Vice President; Devin White, Senior Vice President; and Ned Burns, Senior Vice President. As a condition of the transaction, Hellmann entered into a leaseback agreement for ten years at the property.
