JLL Capital Markets Closes Sale Of Miami Industrial Facility To Prologis
JLL marketed the property on behalf of the seller, KDD Enterprises Inc., which has owned the property since it was developed in 1995.
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JLL marketed the property on behalf of the seller, KDD Enterprises Inc., which has owned the property since it was developed in 1995.
New York-based DRA Advisors bought the 1.7 million-square-foot office park
Once completed in the spring of 2022, the project will be a state-of-the-art warehouse facility with modern features such as a 36-foot clear height and 110 dock-high doors.
Here are the most popular news headlines this past week on CRE-sources.
With a sale price of ±$185 per square foot, the sale established a new high watermark for small bay warehouses.
Stiles Vice President Bill Pace negotiated the transactions.
The firm moved from Palmetto Park City Center at 120 E. Palmetto Park Road.
Drew A. Kristol and Kirk D. Olson, both Senior Vice Presidents of Investments in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, Konover South.
The West Palm beach portfolio encompasses 309 units in garden style properties.
The prime new location marks Moxies’ second restaurant in Florida and sixth in the U.S. as Moxies restaurants continue to gain popularity across the U.S.
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