The deal underscores how lucrative the IOS sector has become — open yards near major hubs like airports or freight corridors are increasingly seen as valuable real-estate assets.
CenterPoint Properties has purchased a 65,000-square-foot distribution facility in the bustling Airport West submarket at 8788 NW 27th Street in Doral.
A strong performance in the South Florida industrial sector during Covid-19 didn’t fully translate to new milestones in the market’s top sales. The largest industrial sale of 2020, valued at $94 million, still fell below the biggest deals of 2019 and 2018, of $178 million and $180 million, respectively, according to an analysis by The
Florida East Coast Industries (FECI) sold a pair of new warehouses at Countyline Corporate Park in Hialeah for a combined $61 million. The buyer was Oak Brook, Illinois-based CenterPoint Properties, which has acquired 10 industrial properties in South Florida since 2017.
CenterPoint Properties has announced the acquisition of a 17.14-acre land site in the Miami-Dade County submarket. Located at 3200 NW 67th Avenue in Miami, this site is currently 100% leased to a leading e-commerce retailer.