National Manufacturer Buys Miami-Dade Warehouse

Pella Windows & Doors paid $45 million for a warehouse in Medley, as part of the acquisition of another manufacturer.

An affiliate of Pella, a national windows and doors maker based in Pella, Indiana, purchased the roughly 270,000-square-foot industrial building at 8401 and 8501 Northwest 90th Street,  records and Vizzda show. It’s occupied by the seller, Lawson Industries, and has served as its headquarters.The deal breaks down to about $167 a square foot.

In November, Pella acquired Lawson, an aluminum doors and windows manufacturing company with 300 employees that provides its services across Florida, a press release states. Lawson bought the property for $2.5 million in 1999, and completed the warehouse the same year, records show. Led by CEO Tim Yaggi, Pella has manufacturing plants in 20 states with more than 11,000 employees, according to the company’s website.

Source: The Real Deal