Easton VP Andrew Easton and Associate Michael Foxwell represented the buyer, Elegant Beauty Supplies, in the transaction.
The deal closed March 17.
Elegant Beauty had previously leased a 20,000-square-foot facility in Doral to store and distribute products to its Florida retail locations but required twice the space to accommodate a recent growth surge. Its corporate office is in Hollywood, Florida.
“We were able to help our client locate the right property at the right price in a very tight industrial market,” said Easton. “With low interest rates, they decided it made more sense to buy instead of lease, so now they will get the extra benefit of building equity along the way.”
The new warehouse is located at 745 W. 18th Street in Hialeah.
Elegant Beauty Supplies is one of the largest retail beauty products, wig and human hair extension suppliers in the United States. It owns and operates 22 retail locations throughout the South Florida tri-county area and Tampa.