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CHICAGO, June 1, 2021 /PRNewswire/ Hilco Redevelopment Partners (HRP), a unit of Hilco Global, announced today the purchase of an industrial development site located at 11002 Northwest S. River Drive in Medley, FL. The 8.5-acre property is part of a larger 25-acre Superfund site which has previously undergone corrective action. HRP has current plans to develop the site into a state-of-the-art warehouse/logistics facility to support the growing tenant demand across South Florida. The sale was brokered by
Newmark executives Steve Medwin and Nick Wigoda, who will also handle leasing of the project.
Hilco Redevelopment Partners indicated that it plans to construct a 175,000 square-foot, modern front-load warehouse designed to support multiple tenants. HRP expects to complete this development project and have the new facility fully operational in 2022. This project represents HRP s initial foray into South Florida as the real estate developme
Local developers Weston Inc. and DiGeronimo Cos. constructed the building at West 110th Street and Berea Road for multiple tenants. However, it was fully leased by Amazon shortly after completion in 2019.
Newmark Promotes Richard Holden to President of Property Management
Holden will be responsible for leading one of Newmark s growing service lines, providing best-in-class property management solutions
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Newmark today announced the promotion of Richard Holden to President of Property Management.
Mr. Holden will guide Newmark s Property Management service line, one of the platform s key global business lines. He will employ a continued focus on increasing efficiencies for operations and service for assets across the commercial real estate sector.
Newmark Promotes Richard Holden to President of Property Management
Newmark s Property Management business designs a property-specific service delivery structure that effectively meets the needs and business objectives of our clients. Newmark currently provides management services for over 150 million square feet of properties, offering a suite of holistic property management services including: ac