Sale of 3511 Doral Flex Office Property

MIAMI, August 30, 2024 – Cushman & Wakefield has arranged the sale of 3511 Doral, a two-story,158,268-square-foot flex office building situated on 9 acres located at 3511 NW 91 Ave. in Doral, Florida.

Wayne Ramoski, Mark Gilbert & Miguel Alcivar of Cushman & Wakefield represented the selling partnership consisting of Parmenter Realty Partners, Cudlob Capital and Prime Finance in the transaction. The property was acquired by Panattoni Development Company.

“After running a broad marketing process encompassing a myriad of strategies to users, investors, and developers alike, we identified a veteran international developer with an established track record of industrial development in South Florida. They were drawn to the opportunity to redevelop the property into a spec industrial project in the land constrained Airport/Doral submarket,” said Wayne Ramoski, Vice Chair at Cushman & Wakefield.
“We look forward to working on our next project in South Florida,” said Dayne Pryor, partner with Panattoni Development Company. “With a scarcity of available land in the area, the Doral site provides the opportunity to acquire a central infill location with excellent access to MIA and all major expressways in South Florida. The Doral Site is a strategic play and provides a unique opportunity to acquire a first class office facility that allows numerous redevelopment opportunities including industrial and further expansion of office and commercial uses.”

3511 Doral once served as the headquarters for US Southern Command and subsequently, the Miami Herald. The site housing the mission-critical office building, benefits from a strategic location on 9 acres of land in the heart of Doral in Miami’s Airport West submarket. Excellent connectivity to MIA, Miami CBD and three major vehicular arteries are a few of its amenities.

About Parmenter Realty Partners

Parmenter Realty Partners is a fully integrated, institutional real estate investment, management, and development firm. Established in 1989, Parmenter Realty Partners has acquired and managed more than $2B of assets on behalf of institutions, life companies, sovereigns, global fund sponsors and family offices across 15 major and secondary U.S. markets. As one of the country’s oldest and most respected real estate organizations, Parmenter Realty Partners owns and operates high-quality office properties, and is actively involved in the expansion of its portfolio throughout its targeted markets. To learn more visit www.parmco.com for more information.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.