South Florida’s top industrial sales crushed last year’s records, marking a return to sale prices in the hundreds of millions, as the sector outperformed the rest of the market during the pandemic.
JLL Capital Markets closed the sale of Medley Palms Business Park, a fully leased, multi-tenant, light industrial facility totaling 44,000 square feet with significant trailer parking acreage in Miami. JLL marketed the property on behalf of the seller, KDD Enterprises Inc., which has owned the property since it was developed in 1995. Prologis, the global leader in logistics real
Investors have made a lot of money from the exceptional growth within this industry, leaving many investors to wonder where the industry is headed and if this industry will be able to sustain its title of being on top in 2022.
Prologis wants to expand its massive Beacon Lakes business park in northwest Miami-Dade County by building two logistics and distribution warehouses. The San Francisco-based real estate investment trust submitted a proposal to Miami-Dade County for two 164,435-square-foot facilities on the southeast corner of Northwest 129th Avenue and 14th Street.