In a sale-leaseback deal, Stockbridge Capital Group picked up a John Deere dealership in northwest Miami-Dade County. The purchase pumps up its South Florida industrial portfolio for the second time in a two-month span.
An industrial site along the Palmetto Expressway in Miami-Dade County was sold for $20 million and a neighboring parcel could be developed into a medical facility. DJD Real Estate Holdings, an affiliate of John Deere dealer Dobbs Equipment, sold the 5.6-acre site with a 28,000-square-foot warehouse at 4343 N.W. 77th Ave. to San Francisco-based Stockbridge.
Prologis, led by Hamid Moghadam, wants to expand its already massive Beacon Lakes business park in west Miami-Dade County. The San Francisco-based firm wants to build four warehouses on 55 acres at Beacon Lakes, according to an application submitted to Miami-Dade County late last month. In an emailed statement, Prologis said it wants to add more
A controversial megaproject planned outside Miami-Dade County’s Urban Development Boundary faces new opposition. In the latest move, a resident is asking the state to review commissioners’ recent approval of the UDB expansion. The vote allows for the 5.9 million-square-foot South Dade Logistics and Technology District industrial complex to be constructed in southeast Miami-Dade.