Developers have scrapped a plan to create a new retail hub in Doral in the former PepsiCo bottling plant. Instead, the 1960’s Brutalist style theater and plant will become a warehouse.
Seagis Property Group announced that it has acquired a 54,400 square foot warehouse in Doral. Seagis acquired the property located at 2101 NW 82nd Avenue in the Miami International Commerce Center with a short-term lease in place and is actively marketing the property for lease. The acquisition increases the company’s South Florida portfolio to 102 buildings totaling
Agora Real Estate Group President and Commercial Advisor Elias G. Patsalos, CCIM, recently represented the tenant in a long-term, 40,850-square-foot lease at 6750 NW 79th Avenue in Miami. Patsalos and Bibr represented Mar Company Distributors in the deal. Matt Maciag, Audley Bosch and Brian Smith with JLL represented the landlord, Oria’s Enterprises.
Real estate investment trust Prologis paid $12.4 million for a one-story office building near Sweetwater. The San Francisco-based company bought the 102,000-square-foot building on about 8 acres at 12496 Northwest 25th Street, according to records. The building is within the Beacon Lakes master-planned, 436-acre business park. An online listing for the building shows office space available for
Labrador Construction acquired a warehouse in Doral for $15 million. The price equated to $243 per square foot. It last traded for $9 million in 2015. The increase in value demonstrates the strong demand for industrial space in Miami-Dade County.
