Industrial real estate has been the one of the most sought-after property types nationally, leading to record low vacancies and increased competition among investors and tenants. When it comes to selecting a market for industrial investment, port markets are emerging as the safe bet for investors to park capital due to the positive rental growth
A California-based real estate investor bought a new Medley industrial park for $34.8 million, marking its first venture in Florida.
Ivy Realty snagged a Miami-Dade County warehouse with cold storage for $26 million, as it continues to expand its South Florida industrial portfolio, The Real Deal has learned. The commercial real estate investor bought the property at 6950 Northwest 77th Court from an affiliate of The Apollo Group in a sale-leaseback. The Apollo Group, a logistics provider
Agora Real Estate Group President and Commercial Advisor Elias G. Patsalos, CCIM, recently represented the tenant in a long-term, 40,850-square-foot lease at 6750 NW 79th Avenue in Miami. Patsalos and Bibr represented Mar Company Distributors in the deal. Matt Maciag, Audley Bosch and Brian Smith with JLL represented the landlord, Oria’s Enterprises.
Transwestern Commercial Services’ South Florida industrial team represented SPR Global Storage & Logistics (SPR) in a new, long-term lease for an ±80,000-square-foot cold storage facility at the Beacon at 97th Avenue industrial park in Doral at 2000 NW 97th Ave.