Even though the most-dire days of the COVID-19 pandemic may be in the past, that, by no means, has pumped the brakes on the frenetic pace of e-commerce activity, driven by the steady drum beat of consumer demand.
For years, economic developers in Palm Beach County pitched the rural Glades region as an up-and-coming area for industrial development. And for years, splashy deals failed to materialize. That recently changed, when Apopka-based Finfrock, a maker of precast concrete buildings, bought 94 acres on the site of a former state prison in Belle Glade, located just off
Terreno Realty Corp. said it plans to build a pair of warehouses in Miami-Dade County after buying a vacant site in the Gladeview area. VF 73rd Street LLC, managed by Rene Vivo Jr. and Augusto J. Fonte in Hialeah, sold the 5.8-acre site at 3000 N.W. 73rd St. to Bellevue, Washington-based Terreno Realty Corp. for $5.8 million.
Before the pandemic, industrial properties were a more of a snack than a main course among real estate’s primary food groups, but investors’ voracious appetite for the sector may result in it occupying a larger place in their portfolios.