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Hialeah’s Industrial Market Showing No Signs Of A Slowdown

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.

South Florida’s industrial market remains strong, and Hialeah is among the top-performing submarkets. According to a recent CBRE report, about half of all industrial transactions in Miami-Dade County in the second quarter took place in Hialeah.

Cofe and TA Realty have bought and sold from each other before. In January, TA Realty sold 41 warehouses totaling roughly 376,000 square feet for $32.5 million to Cofe Properties. More recently, Cofe bought a six-building office park in Kendall for $34.75 million from TA Realty.

Earlier this year, Duke Realty paid $180 million for Flagler Global Logistics’ Countyline Corporate Park, an 8 million-square-foot industrial park on the northwest corner of Northwest 154th Street and and Northwest 97th Avenue, marking one of the biggest industrial sales in Miami-Dade.

 

Source: The Real Deal

4 properties

Daniel P. Cook

Daniel Cook is President and owner of Cook Commercial Realty, Inc. He has been licensed in Florida since 1988 and has tremendous knowledge and expertise in the commercial/ industrial sectors of North Dade, Hialeah, Medley, Doral, Airport West and South Broward submarkets. Our boutique-style brokerage company has a strong commitment to our client’s needs. WeRead more

Jason Lichten

Jason Lichten has over 19 years of experience in the commercial real estate and construction industry. In the past 19 years, Mr. Lichten has leased over 150,000 square feet of industrial space, 30,000 square feet of office space and leased over 40,000 square feet of retail space. In addition, Jason has managed over 3,000,000 square feetRead more

David Perlman

David Perlman is a licensed Sales Associate with Cook Commercial Realty Inc. As a Miami native, Mr. Perlman is intimately aware of the nuances of distinct real estate neighborhoods in the Miami-Dade area, with a focus on the commercial/industrial sectors.  He supports his customers through effective listening of their unique requirements, and works hard toRead more

Michele L. Horgan

Michele Horgan has been with Cook Commercial Realty, Inc. since January 2000. She is an executive assistant to the president with extensive experience in office management. Some of Ms. Horgans’ responsibilities include marketing, research, updating available inventory, accounts payable, and accounts receivable. She received her Florida Real Estate License in 2001.  This accomplishment not onlyRead more