SRS Real Estate Partners is launching an industrial brokerage in Miami as the firm looks to leverage its retail expertise into the warehouse and distribution space.
The three-person Miami team will be led by Wayne Schuchts, who is joining SRS as a managing principal, with Andrew Lehrer and Michael Palmer coming to the firm as vice presidents.
The Miami office is the fourth industrial brokerage nationally for SRS as the Dallas-based retail specialist looks to establish a presence in the space.
“We’re going to figure out the smart way to grow an industrial-focused business, which the tenant side of it we can probably largely run from Miami,” Schuchts said. “But as we expand our institutional agency landlord business, we will need to be local for those clients.”
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