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DemeTech expands with building purchase

| Keren Moros

A recent sale in Miami Lakes will bring jobs to the area while producing personal protective equipment.

Commercial real estate brokerage firm NAI Miami announced that it represented Isaco in the sale of its former headquarters at 5980 Miami Lakes Drives in Miami Lakes. The buyer, reports South Florida Business Journal, is DemeTech, a medical device manufacturer headquartered in Doral, and was represented by Frank Trelles of State Street Realty.

The 158,964 square foot building stands at two stories with 59,016 square feet of office space and 99,948 square feet of air-conditioned warehouse space. It will become DemeTech’s fourth location, which will bring on 500-700 employees to continue to produce PPE, including N95 masks. South Florida Business Journal also reports that DeemTech purchased the building for $15 million.

“Amid a global pandemic, this is an important sale as Demetech will now be able to ramp up, expand and consolidate production of much needed high-quality masks for our country,” said Gabriel Garcia-Menocal, SIOR of NAI Miami. “This sale is also very important to Miami-Dade County as Demetech will be adding more much needed jobs in our market. Despite a lot of headwind in a very difficult environment during a challenging year, we’re very grateful to be able to successfully dispose of this asset at fair market price.”

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.