CBRE Arranges Sale Of 1.1 MSF Industrial Park

CBRE has arranged the sale of a 12-building industrial park in Medley totaling nearly 1.1 million square feet.

Boston-based TA Realty purchased the portfolio from an unnamed global investment advisor for $241 million.

José Lobón, Trey Barry, Frank Fallon, Royce Rose and Devin White of CBRE represented the seller in the transaction. Situated off Okeechobee Road, the park was fully leased at the time of sale to 46 tenants in the aviation, home design and improvement, third party logistics and food distribution industries.

 

Source:  RE Business