The wholesale distributor of industrial supplies for plumbing, heating and cooling and pools renewed its 40,000-square-foot lease at 8034-8030 and 8050-8054 Northwest 14th Street in Doral.
Fort Lauderdale-based Hernandez Construction recently filed notice with the county that it started construction of two warehouses called Sycamore Logistics Center. The project is located at 9800 N.W. 87th Ave. and 8593 N.W. 96th Street along the river just south of U.S. 27.
Blackstone sold the Medley warehouse to Prologis for as part of a larger portfolio deal. Built on an 8.8-acre site in 2013, this is the first time the Pan American North Business Park has sold.
The New York-based investment giant sold the 115,741-square-foot industrial building at 13801 Northwest 112th Avenue to Boxer US, a Miami-based entity incorporated in May. The deal breaks down to $374 per square foot.
There’s a shortage of parking spaces for trucks, heavy equipment and RVs in Miami-Dade as development has intensified throughout the county. This has increased the value of auto storage facilities with amenities for vehicle fuel and service.