Forward Sale Of Two Miami Industrial Buildings Totaling 575,000 SF Closes

JLL Capital Markets closed the forward sale of two Class A industrial distribution buildings within Countyline Corporate Park totaling 574,752 square feet in the South Florida city of Hialeah in Miami-Dade County.

JLL marketed the property on behalf of the seller Flagler Global Logistics, a subsidiary of Florida East Coast Industries, LLC. An Ares Management Real Estate fund acquired the assets.

The two assets are Building 18 and 22 within Countyline Corporate Park, an 8.5 million-square-foot, master-planned business park in Hialeah developed by the seller. Once completed in the second quarter of 2023, Building 18 will be a 360,845-square-foot build-to-suit cold storage facility. Building 22 will be 213,907 square feet and feature a rear-load configuration, 32-foot clear heights and will be completed in the second half of 2022.

The JLL Industrial Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Director Luis Castillo, Senior Managing Director John Huguenard and Director Cody Brais.