The site is approved for development of a 741,837-square-foot industrial park consisting of six buildings, with individual structures ranging in size from 62,924 to 150,549 square feet.
In concurrent transactions, a warehouse in Doral and a warehouse in Hialeah Gardens was acquired by a partnership between Doral-based and Easton Group and Boston-based TA Realty.
Ironwood Commerce Center, a self-contained industrial park in Miami totaling 505,436 square feet of warehouse space, was sold for an undisclosed amount. Top industrial facilities like this one continue to trade, proving that the Miami metro area is the best-performing industrial market in the country.
South Florida’s industrial market slowed down slightly in the final quarter of last year, as vacancies inched up while asking rents rose again. The tri-county region posted a 4 percent vacancy rate compared to 3.4 percent during the same period of the previous year, according to a recent Newmark report. And leasing activity across Miami-Dade,