Terreno Keeps Hialeah Industrial Buildings Fully Leased With 233,000 SF In Tenant Deals
The deals will keep two buildings fully occupied while extending tenant commitments into 2035.
The deals will keep two buildings fully occupied while extending tenant commitments into 2035.
The warehouse project was built in 2022 for a joint venture between Orlando-based Cadence Development Partners and New York-based Clarion Partners.
Stream Managing Directors & Executive Vice Presidents Steve Medwin and Nick Wigoda represented both the landlord and the tenant in the transaction.
Transwestern’s Carlos Gaviria and Walter Byrd represented the owner, Link Logistics, in the transactions, which range from 27,086 to 61,724 square feet.
The portfolio totals nearly 300,000 square feet and is over 90% occupied.
A county-owned site in northwest Miami-Dade could be transformed into a large-scale development combining warehouse space, affordable housing, retail, restaurants and recreational amenities.
The facility is a 100% climate-controlled, 4-story self-storage building consisting of approximately 1,116 storage units or 100,250 rentable square feet inclusive of 2,420 square-foot freestanding commercial space.
The property totals 11,240 square feet and includes five bays with grade-level loading.
The sale price works out to roughly $328 per square foot.
The move, the Chicago-based firm says, reflects the evolution of its business and operating platform after 25 years.
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