An affiliate of New York-based Woodhill acquired six warehouses spanning nearly 159,000 square feet at 215-325 West 75th Place and at 7550-7620 West 2nd Court. The deal breaks down to $164 per square foot.
The decision marks the latest chapter in the controversial proposal for the 5.9 million-square-foot South Dade Logistics and Technology District on the southeast corner of the Florida Turnpike and Southwest 122nd Avenue in an unincorporated area of southeast Miami-Dade.
The CoStar Group, pinpoints mid-2025 as when US industrial net absorption will pick up notably. Some tenants will seek to take advantage of a softer rental market to expand their footprint this year.
The Class A warehouse in Medley is situated near major highways with easy access to Miami International Airport and Port of Miami, the region’s busiest import-export centers.