This acquisition marks the firm’s second significant investment in Doral, following the recent groundbreaking of Bridge Point Doral, a project set to encompass over 2.6 million square feet of Class-A industrial space at full build out.
The purchase price translates to $230 per square foot.
JLL Capital Markets arranged the financing for the 210,000-square-foot portfolio.
Building 39 of Terreno Realty Corporation’s Countyline Corporate Park, which is 100% leased to one tenant, is a 178,000-square-foot, 36-foot clear height industrial distribution building on 10.9 acres with 58 dock-high and two grade-level loading positions and parking for 156 cars.
Bridge is on track to deliver the LEED-certified 326,000-square-foot logistics complex in the third quarter of 2025.
The property, located at 8150 NW 76th Avenue, has been owned by Seagis since 2007.
Avison Young’s John Crotty, CCIM, David Duckworth, Michael T. Fay and Brian de la Fé represented the seller in the transaction.
The brokers will split time between the firm’s Miami and Deerfield Beach offices.
Wayne Ramoski, Mark Gilbert and Miguel Alcivar of Cushman & Wakefield represented the selling partnership in the transaction.
The San Francisco-based real estate investment trust scooped up the one-story building at 9700 Northwest 112th Avenue in an unincorporated area of Miami-Dade County from TracFone Wireless.