October 2020 – ComReal is proud to announce the sale of +/- 117 acres within The Homestead Park of Commerce in South Dade and welcome Copart USA to the City of Homestead! The sales price was $34,746,716. Copart was represented by the ComReal team including Ed Redlich, Ron Redlich, Chris Spear, Edison Vasquez, Mort Fetterolf and Patrick McBride. The seller, HPDG 1-4, was represented by the team at JLL. Both parties, along with their respective brokers and legal team at Holland & Knight worked together to effect the transaction.The collective efforts of all parties involved helped lead to a successful conclusion despite some delays caused by the China virus.

In early 2019, Copart contacted Ed Redlich about acquiring a +/- 100 acres industrial site in Miami-Dade County for their catastrophic response operations to temporarily store vehicles that sustain damage from natural disasters. The ComReal team prepared a comprehensive site selection of available properties that would suit their needs. The Homestead Park of Commerce was selected due to it’s availability, industrial zoning and economical price within the Miami marketplace. For over twenty years, this site has had challenges with prior owners, market conditions and issues with the site itself including compatibility issues within the flight path of the US Air Force base. The determinism by Ed Redlich, and his father Ron, finally found the once-in-a-lifetime solution.

Ed Redlich states that “This project is truly a win-win-win-win-win! A win for the U.S. Air Force Base, a win for the ownership, a win for Copart USA, a win for the City’s residents and a win for local construction workers.” Redlich was “Redland raised” in Homestead for 20+ years and graduated from South Dade High School in 1991. He volunteered with The Homestead Vision Council for over a decade and had the honor of serving as the Chairman of the Board from 2006-08. Throughout their career, the Redlich’s have sold hundreds of acres of land and assisted their clients in creating hundreds of jobs in the South Dade community including Dunham Bush Air Conditioning, Sea Hunter Boats, Deco Truss Company, Flowers Bakery, Enterprise Rent-A-Car and more.

“There is plenty of land for more businesses and job creation to come to the South Dade community.” Redlich adds. “Let’s all work together to go recruit more businesses and demonstrate that “Homestead is open for business”.

For more information on this deal and other commercial properties available, please contact ComReal at 786-433-2380. Thank you very much.

Ed Redlich welcomes Copart USA to the Homestead Rotary’s Seafood Festival!

March 4, 2020

RE: Copart USA Offers Great Opportunity for the City of Homestead to Show the Business Community They Are Open For Business

Residents of Homestead,

I would like to thank the Honorable Mayor and Council Members for their diligence in the consideration of the Copart USA application for their proposed outside storage use for 98 acres in the Homestead Park of Commerce. Last year, Copart USA (a S&P 500 Company) retained me to identify and acquire +/- 100 acres in South Dade for a Catastrophe Response Site to temporarily store vehicles that sustain damage from natural disasters.

As many of you may know, I was “Redland raised” for 20+ years, graduating from South Dade High School in 1991. I volunteered with The Homestead Vision Council for over a decade and had the honor of serving as the Chairman of the Board from 2006-08. Presently I am a Trustee with the South Dade Chamber of Commerce. For over 25 years, I have worked in the commercial real estate profession in South Florida. Throughout my career, I’ve sold hundreds of acres of land and assisted my clients in creating hundreds of jobs in this community. My passion and my focus is South Dade.

I have a long history with the Homestead Park of Commerce. I remember Rockefeller Group, A&H Commerce, and GBX Homestead… all of whom failed to successfully develop the same subject property. I believed so strongly in the “vision” of Homestead that I personally acquired 15 acres in the Park of Commerce in 2007.  Unlike many other developers during that period, I survived. In 2016, after almost a decade of fighting to keep the property and extensively marketing the site, I was finally able to successfully recruit Dunham Bush Air Conditioning to acquire my site. None of this was easy.

According to a study by ComReal, there are approximately 344 acres within the southeast area of Homestead available for industrial development. Of the 98 acre subject site, only 38 acres are currently developable of which the maximum number of jobs could only ever be 5-10 per acre (not 50). The remaining acres include 60 acres of federal wetlands. With its investment in the Homestead Park of Commerce, Copart will absorb only about 10% of the available inventory for industrial development. Still leaving plenty of room for more businesses and job creation to come to our community!

Given my history and experience, I know that this is a once-in-a-lifetime opportunity for this site for several main reasons: 1) Copart plans to make a $50M investment into a site that has been abandoned for 30+ years, 2) Copart’s use is harmonious with and is a non-encroachment of the flight path of the U.S. Air Force Base, which lessens the risk of a major PUBLIC SAFETY ISSUE and protects South Dade’s largest economic engine, and 3) Copart’s use represents nearly $300,000 in annual ad valorem property taxes that will directly benefit the City.

This project is truly a win-win-win-win! A win for the U.S. Air Force Base, a win for the ownership, a win for Copart USA and a win for the City and its residents!

We finally have a real solution on the table for a long vacant site with quite a history. Now is the time for all parties that have South Dade’s best interests at heart to send a positive message to the South Florida business community and beyond that “Homestead is open for business”. Let’s approve this use. Let’s welcome Copart USA to the Homestead Park of Commerce. Then let’s all work together to go recruit more businesses to Homestead!

Edward Redlich

Edward Redlich, SIOR, CCIM

ComReal

51 Merrick Way, Coral Gables, FL 33133

August 2017 – The ComReal commercial real estate team is pleased to announce the sale of The Redland Warehouse at 21150 SW 167 Avenue, Redland, Florida. The 55,600 sq. ft. packing and refrigerated warehouse sits on over four acres within the Redland agriculture district. The property closed for $3,445,000 or about $62 per sq. ft.

The seller was Gulfstream Tomato Packers and the buyer was Hialeah Tomatoes & Fresh Produce. The facility will now be used for the distribution of both fruits and vegetables; some locally grown and some imported. The new owner also operates another refrigerated warehouse in the Produce Center near Downtown Miami. ComReal partner, Edison Vasquez, was instrumental in facilitating the transaction. He visited with the buyer several times and helped with the communications throughout the transaction.

The ComReal team is very active in the South Miami-Dade commercial, industrial and agricultural real estate markets. Ed Redlich, Chris Spear and Mort Fetterolf also each have roots in the Redland. Redlich is very proud to have been “Redland raised”.  He states that “We always appreciate the opportunity to be involved with properties in the Redland where I grew up. Personally this was a special assignment for me and it is a pleasure to work with The Hagan Family”.

ComReal also has the neighboring 10 industrial acres for sale (pictured below) as well as a 16 acres farmland in Redland. Please contact them anytime for more information on these listings and other properties in South Dade.

One of the keys to ComReal’s success has been aerial drone videos. This marketing technique includes views on both the property and the local neighborhood. Be sure to watch!

+/- 55,600 SF Redland Warehouse for Sale!

Available for an asking price of $3,700,000. This property is located at 21150 SW 167 Avenue in Redland, Florida 33170. The +/- 55,600 sq. ft. warehouse building sits on over 4 acres with CSX railroad available. There is an additional 10 to 15 acres next door which is also available for sale. The property has dual zoning: industrial and agriculture. The building is fully sprinklered, has heavy electrical power and includes coolers/refrigeration systems. This facility would be ideal for “Redland Raised” produce, fruits, vegetables, flowers, nursery plants, etc.

The property is located in the Redland Agricultural District just one mile from Krome Avenue and six miles from Florida Turnpike. This area is centrally located between Homestead and Miami. For more information, please contact Ed Redlich or Chris Spear at 786-433-2380.

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