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MIAMI-After running into difficulties with its planned build-to-suit facility in Hialeah Gardens, FL, Cigarette Racing Team LLC has purchased a different, 200,000-sf industrial facility here. The sale price was close to $5.5 million and the local facility is more than twice the size of the originally planned 75,000-sf Hialeah Gardens facility.

Cigarette Racing Team had a deal with a local developer, Carlos Martinez, to develop the build-to-suit world headquarters and manufacturing facility in Hialeah Gardens. However, after the building was substantially finished, Hialeah Gardens would not issue an occupational license for the company, saying the fiberglass would negatively impact the facility’s surroundings, according to Nick Wigoda, a broker involved in the sale of the local facility. For this reason, the company needed an alternate facility quickly.

Ultimately, Cigarette decided to buy the 200,000-sf facility from H&J Properties. The property at 4355 N.W. 128 St. once housed 500 Mako Marine employees. Now it will be home to the world-champion offshore boat builder and will continue to benefit South Florida economically.

Wigoda, Ted Konigsberg and Steven Wasserman, industrial specialists with Colliers International, represented H&J Properties in the transaction. The Colliers team overcame many complex issues in the sale, related to deferred maintenance, a loan defeasance and a short timeline required by Cigarette.

Rene Vivo of Vivo Real Estate Group represented Cigarette Racing Team in the sale. The Hialeah Gardens building, four-fifths built, is being marketed now, Wigoda says. It is located at Okeechobee Road and Northwest 107th Avenue.

The powerboat manufacturer had outgrown its headquarters facilities in Aventura and wanted to consolidate operations in the larger facility in nearby Hialeah Gardens. The company broke ground last year on that facility. Previously, the company operated out of four plants next to one another totaling approximately 50,000 sf and about 30,000 sf of outdoor space.

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