The South—particularly the Southeast—is the fastest-growing manufacturing area. Over the past decade, the South has added more than 100 million square feet of new manufacturing space, and nearly half of all the space under construction in the U.S. is now in the South.
From key fundamentals to a safer investment, the industrial market offers several compelling reasons for CRE investors.
The family-owned company led by Ed Easton and based in Doral acquired the105,000-square-foot industrial property located at 9880 Northwest 25th Street. The buyer secured a $29.7 million loan from another Easton affiliate. This purchase is priced at $250 per square foot.
In concurrent transactions, a warehouse in Doral and a warehouse in Hialeah Gardens was acquired by a partnership between Doral-based and Easton Group and Boston-based TA Realty.
The property consists of three 36-foot clear height rear-load industrial distribution buildings containing approximately 495,000 square feet on 23.4 acres.