Duke Realty Starts 500K SF Spec Development In Miami
The planned project is the second of two distribution facilities in Duke Realty’s Miami 27 Business Park in Medley.
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The planned project is the second of two distribution facilities in Duke Realty’s Miami 27 Business Park in Medley.
The property was sold to an affiliate of Banyan Street Capital.
Fortuna Real Estate purchased the parcel from Inter Dolphin Property LLC for $3,650,000.
The standalone ±83,200-square-foot building is located within Link’s Miramar I-75 Distribution Center and was most recently occupied by Comcast Corporation.
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Senior Vice President Keith R. Graves, CCIM, along with Senior Sales Associates John Forman and Jonathan Thiel represented landlord Prologis-North Carolina Limited Partnership in the deal.
In his new position, he is responsible for industrial acquisitions throughout the southeastern U.S. and will oversee leasing and marketing for Sunbeam’s existing South Florida portfolio, including the Miramar Park of Commerce.
The 6,000-square-foot warehouse sold for $590,000.
The property consists of a 9-story office tower, a 2-story medical office building and a development pad.
The transactions include two retail and office buildings in South Miami.
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