IP Capital Partners Launches IPCP Southeast Industrial Fund II With Projected $1 Billion In Purchasing Power
The South Florida-based commercial real estate investment firm is targeting high-quality Southeast U.S. acquisitions.
The South Florida-based commercial real estate investment firm is targeting high-quality Southeast U.S. acquisitions.
The seller executed a sale-leaseback agreement at closing, allowing the company to continue occupying the property for 30 years.
The new roadway creates a critical north-south thoroughfare connecting NW 34th Street and NW 41st Street through the heart of Doral’s Central Business District.
Steve Medwin and Nick Wigoda of Stream Realty Partners represented the landlord in the transaction.
The new South Florida office will support STRO’s rapidly growing Florida portfolio, which now includes 10 industrial buildings totaling approximately 1 million square feet.
The recent leasing activity includes a 150,181-square-foot lease in Building A to an aviation maintenance provider specializing in jet engine repair and maintenance, a packaging company focused on plastic bottle manufacturing, leased 73,467 square feet in Building B, and the remaining 24,288 square feet available in Building C was leased by a Brazilian shoe manufacturer.
The 164,000-square-foot, 36-foot clear height rear-load industrial distribution building is 100% leased to two tenants.
Owned and developed by Bridge Industrial, the project is a 270,719-square-foot, two-building speculative industrial project designed to accommodate tenants ranging from 25,000 to 150,000 square feet.
The property, situated on 1.58 acres in Miami’s Airport East submarket, sold to a private real estate investor for $11,750,000, equating to $235 per square foot.
The seller, which also occupied the property, is relocating its operations to the Doral Airport West submarket.
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