Avison Young represented Foundry Commercial in the acquisition of an 18-acre site in Miami for a speculative industrial development of up to approximately 320,000 square feet.
With the rise of e-commerce fueling a surge in industrial real estate demand, savvy developers are learning it takes more than picnic tables to keep tenants happy, especially in cases where the workforce is on property around the clock. This growing realization is giving way to a new type of asset where industrial space is
Longpoint Realty Partners bought a warehouse near Miami International Airport for $6.3 million, as the private equity firm continues to target commercial properties in South Florida.
New York-based Brookfield Property Group bought an industrial complex west of Miami International Airport for $82.9 million. Brookfield Property, a subsidiary of Toronto, Canada-based alternative asset manager Brookfield Asset Management Inc., bought the property from MICAP 18 LLC. The purchase price breaks down to $201 per square foot.
CBRE arranged the $19.5 million sale of the Tire Group International (TGI) Distribution Center, a single-tenant distribution building in Miami’s Airport West Submarket.
