The newly built Royal Palm Doral completed in 2024 was sold by Blackstone. The project consists of two warehouses at 6450 and 6550 NW 97th Avenue on an 18.4-acre site.
Terreno announced that it has completed the development and stabilization of Countyline Corporate Park Phase IV Building 39 that is 100% leased to one tenant. At expected completion in 2027, Countyline Phase IV is expected to contain ten LEED-certified industrial distribution buildings totaling approximately 2.2 million square feet.
Ares Management made a $62 million double play in South Florida’s industrial market, picking up a pair of Hialeah warehouses under construction. An affiliate of the Los Angeles-based global alternative investment manager paid $37 million for a 9.6-acre site at 410 West 104th Street, and $25 million for an adjacent 10.2-acre parcel, according to records.