CBRE Senior Vice Presidents Larry Genet, Tom O’Loughlin and Vice President Jake Zebede negotiated the sale of Doral Center Development Land, a pristine parcel in highly sought-after Doral, Florida, located at 10751 Northwest 25th Street.

CBRE, as exclusive representative, sold the land, which totals 162,325 square feet (3.72 acres), for $6,000,000 or $37 per square foot.

The Seller, REMS Group, and its principals are family friends of Zebede. NGI International Realty’s Alp Kucukoner, represented the Buyer, an international cosmetics company.

The Buyer intends to build a state-of-the-art corporate headquarters and distribution facility for its cosmetics company. The Doral parcel provided the perfect opportunity.

“We were the third brokerage group to take this assignment on,” explained Zebede. “Ultimately, it was the quality location that supported the transaction. I am grateful for the opportunity and thrilled about the result for a lifelong friend and client.”

“This is a record setting price for industrial land in our market,” added Genet. “We see land prices continuing to climb due to the lack of remaining options for companies and developers.”

The property is near the Florida Turnpike, Dolphin and Palmetto Expressways with nearby companies including Perry Ellis International, Intcomex, Carnival Corporation, DHL, and many more. It also serves the Miami International Airport and the Port of Miami.

The team, which NAIOP South Florida recently recognized as Industrial Broker Team of the Year at its annual Awards of Excellence event, has completed several lease and sale transactions in the area this year.

About Jake Zebede: CBRE Vice President Jake Zebede specializes in commercial real estate sales and investments. He serves investors and businesses in the South Florida Region. Jake earned his undergraduate degree in business from NYU Stern and a post-graduate degree in Real Estate and Investments from UCLA. Jake grew up living and breathing South Florida real estate, and he has extensive knowledge of both local and national markets. He is fluent in English and Spanish.

About Larry Genet: CBRE Senior Vice President Larry W. Genet has extensive experience in landlord agency, tenant representation, acquisitions, dispositions and property management. As a third-generation commercial real estate professional and South Florida native, Larry boasts deep community ties, an intimate knowledge of the South Florida market and numerous professional contacts. Larry’s leasing expertise of industrial, office and medical properties coupled with his experience in acquisitions and dispositions gives him the ability to represent a myriad of clients in the South Florida market.

About Tom O’Loughlin: CBRE Senior Vice President Tom O’Loughlin specializes in providing brokerage services to owners and occupiers of industrial property in the South Florida region. Tom’s experience incorporates representation for local, regional and national clients, and includes investment sales disposition, owner-occupant acquisitions, tenant agency, and landlord representation. With over ten years of experience in the industrial sector, Tom has provided oversight for more than 13 million square feet in leasing and sales transactions in Broward and Miami-Dade counties. Tom holds the prestigious SIOR and CCIM designations and is an active member of CBRE’s Industrial Advisory Council—a select national group of professionals gathering and evaluating business intelligence to develop comprehensive business strategies for the company.