The portfolio consists of seven fully leased industrial properties totalling 787,728 square feet. The assets are strategically located in highly sought-after industrial submarkets with proximity to Miami International Airport and Port Miami.
With a proposal heading to the city council on April 16th for approval, the facility would span more than 5,000 square feet and feature seven courts for play. Padel continues to grow in popularity across South Florida, with new facilities opening throughout Miami-Dade, Broward, and Palm Beach counties.
Codina sold the 200,600-square-foot warehouse located within Beacon Logistics Park in Hialeah to a real estate entity linked to the Church of Jesus Christ of Latter-day Saints.