Seagis Closes On 5.75 Site In Doral, Plans To Add New Building To Transal Park Holdings
Seagis plans to break ground by year’s end on a modern, new 117,790-square-foot industrial building that caters to today’s industrial users.
Seagis plans to break ground by year’s end on a modern, new 117,790-square-foot industrial building that caters to today’s industrial users.
“These highly regarded industry professionals bring decades of experience and local market knowledge that will prove to be invaluable as we continue to grow our regional portfolio of state-of-the-art industrial real estate assets in order to meet ever growing market demand.”
The property totals 407,000 square feet.
Construction on the new warehouse is expected to start towards the end of 2022 and take about a year to a year and a half to complete.
Larry Genet and Tom O’Loughlin with CBRE represented the seller in the transaction.
Seagis paid $9.4 million for the 2.78-acre lot.
The park will eventually span more than 1.3 million square feet of space.
The company acquired 17 industrial buildings totaling approximately 760,000 square feet of space and 23 acres of developable land in 20 separate transactions.
Transwestern’s Carlos Gaviria, Walter Byrd, Ben Eisenberg and Thomas Kresse represented the tenant in the transaction.
The building is located adjacent to Soho Studios, a 45,000-square-foot creative event space, on a 68,000-square-foot lot located at 2136 NW 1st Ave, which is also owned by The Faith Group.
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