Industrial real estate acquirer, owner and operator Terreno Realty Corp. has acquired an industrial property in Hialeah for $73.2 million, net of free-rent credits. The property comprises two recently-developed rear-load industrial distribution buildings, which total 407,000 square feet.
Miami-Dade County is among the Top 15 U.S. markets that have lagged behind in building new industrial space to meet demand, according to a recently released report from Newmark Group. “Pandemic-related labor disruptions” and “community pushback” against industrial development are to blame for the nationwide slowdown in new construction for logistics companies, according to the
The Easton Group and LBA Logistics are partnering on their third South Florida real estate deal with acquisition of a 26.44-acre development site in Hialeah. The joint venture paid $29.4 million for the land located 4220 West 91st Place. The transaction closed Friday, February 4. Easton has submitted plans to the city to build two
It may be 2022, but many of the forces that drove the economy in 2021 are still in the driver’s seat. The long-term upward trend of e-commerce is stronger than ever. The supply chain that gets products from websites to consumers is still not performing well. Inflation is rising, and the Federal Reserve probably will
The private equity firm is working on plans for a 143,000-square-foot warehouse with 32-foot clear height.