Pricing for industrial distribution and warehouse space climbed in many US markets during the past 12 months, as investors continued to focus on markets tied to large population centers, logistics and e-commerce space.
CBRE has arranged the $25-million sale of Centro Logistics, a 20.3-acre infill industrial development site in Miami. The site, located in the heart of the Gratigny industrial micromarket, was sold to Panattoni Development Company, a leading privately held real estate development company with more than 340 million square feet of industrial, office, and build-to-suit projects delivered over the
Foundry Commercial, the multi-market commercial real estate firm with offices across the Southeast and Texas, recently closed on the purchase of the Midpoint Miami Logistics Park, an 18-acre site in Hialeah Gardens approximately 10 miles north of the Miami International Airport.
Demand for industrial warehouse space in South Florida is on the rise, according to a new study by Colliers International, thanks to e-commerce, new cruise ships and improvement in some Latin American economies.
Cushman & Wakefield has secured a 120,590-square-foot lease with tenant Apollo Export Warehouse at Airport North Logistics Park, a warehouse and distribution center in Miami. Airport North Logistics Park is a recently completed, master-planned logistics park located in the Medley industrial submarket of Miami. The four-building property consists of 900,000 square feet of modern warehouse
