Asset management and construction firm Mears Group Inc. will be moving into a newly-purchased 10,000-square-foot warehouse at 19051 Northeast Third Court near North Miami Beach in early fall.

The company operates under the construction giant Quanta Services.

CBRE Senior Vice President Tom O’Loughlin and First Vice President Larry Genet represented the seller in the transaction.

The industrial property, which is situated on a 3.5-acre site, was recently purchased by Spring Miami LLC for $3.75 million. Records show the seller, Barr Miller & Gill Partners, bought the property for $184,400 in 1971 — the same year BellSouth — what AT&T had previously been called — signed on as a tenant.

Tommy Gil with Vivo Real Estate Group, Inc. represented Mears.

Source: The Real Deal