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.
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
The private equity firm is working on plans for a 143,000-square-foot warehouse with 32-foot clear height.
Miami’s already-robust industrial market experienced its best year ever in 2021, according to a report released this week by real estate brokerage JLL. Vacancy rates fell to new lows, rental rates reached new highs and absorption crushed the old record, JLL said. Miami-Dade’s industrial boom comes with downsides, too, as users struggle to cope with rising
Seagis Property Group LP (“Seagis”), one of South Florida’s most active industrial real estate investors and owners, closed on a $9.4 million acquisition of a 2.78-acre, fully secured and improved, trailer/fleet parking lot located at 8100 NW 25th Street in Doral.