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.
Completed in 2022, the 157,214-square-foot warehouse property is located within Beacon Lakes, a 640-acre industrial park also developed by Codina Partners. Prologis plans to redevelop the warehouse into a logistics facility.
Ironwood Commerce Center, a self-contained industrial park in Miami totaling 505,436 square feet of warehouse space, was sold for an undisclosed amount. Top industrial facilities like this one continue to trade, proving that the Miami metro area is the best-performing industrial market in the country.