TA Realty just paid $92.25 million for a ten-parcel industrial portfolio in Hialeah Gardens and Medley. Miami-based commercial real estate firm Cofe Properties sold the nearly 932,500-square-foot portfolio.
Property records show Cofe bought the assemblage in 2013 for $48.3 million.
Continue reading “Hialeah’s Industrial Market Showing No Signs Of A Slowdown”
Construction is complete on the new KLX Aerospace Solutions global headquarters and distribution hub located in Hialeah.
Ware Malcomb provided master planning and architectural design services for the 700,000-square-foot project, which is part of the first phase of the planed 95-acre Countyline Corporate Park, a logistics park developed by Flagler Global Logistics.
Continue reading “Flagler, Ware Malcomb Complete Build-to-Suit Industrial Facility In Hialeah For Aerospace Firm”
Colliers’ Steven Wasserman and Erin Byers represented real estate investment firm Elion Partners in the recent acquisition of two industrial properties, expanding the firm’s strategic footprint in South Florida.
The properties include 2875 NW 77th Ave. in Miami, a 59,135 square foot building fronting the Palmetto expressway in the heart of Doral, purchased for $7.23 million from seller Pola’s Enterprises and 3400 Park Central Boulevard N. in Pompano Beach, a 43,000 square foot building, purchased for $4.15 million from seller KEI Properties, LLC.
The deals are indicative of the ongoing interest from institutional investors making strategic investments in industrial product, with a particular focus on South Florida. High barriers to entry such as limited land availability have forced investors to move swiftly, with the heightened demand for space especially evident in Miami-Dade County, as a colossal 1.27 million square feet of industrial space was absorbed during 2Q 2018.
Continue reading “Investors Seeking New Opportunites For Industrial Investment In South Florida”