JLL Arranges Sale Of Miami Logistics Park

JLL Capital Markets announced the sale of Midpoint Miami Logistics Park, two fully leased Class A buildings totalling 312,834 square feet located at 10901-02 NW 148th St. in northwest Miami-Dade County.

JLL represented the seller, Foundry Commercial and an Ares Real Estate fund, in the transaction.

Completed in 2021, Midpoint Miami Logistics Park occupies a premier position within the Miami industrial market. The park provides exceptional connectivity to South Florida’s primary transportation infrastructure, positioned just 11 miles from Miami International Airport and 20 miles from the Port of Miami.

Additionally, the facility offers direct access to critical highway networks, including the Florida’s Turnpike, Interstate 75 and US-27, providing seamless distribution access throughout South Florida and beyond.

The JLL Capital Markets team was led by Senior Managing Director Luis Castillo and Managing Director Cody Brais.

“Northwest Dade continues to benefit from its strategic position within the region and strong tenant demand driven by Miami’s role as a logistics gateway,” said Castillo. “With new construction increasingly constrained by land availability and rising development costs, existing Class A facilities like Midpoint Miami Logistics Park are becoming increasingly valuable to both investors and occupiers seeking premium distribution space in this critical trade corridor.”