Seagis Property Group LP (“Seagis”), one of South Florida’s most active industrial real estate owners and investors, announced it closed on the acquisition of two prime land parcels totaling 3.25 acres, located at 3410 SW 26th Terrace, adjacent to the company’s existing Seagis @ Port 95 logistics park in Dania Beach.
Seagis plans to combine these new sites with an existing 1.5-acre site at Seagis @ Port 95 and break ground by year’s end on a modern, 51,100-square-foot industrial building. The world-class facility will be highly functional, according to Seagis, and complement its existing three buildings, totaling 142,000 square feet of industrial space, which the company acquired in June of last year.
“We are pleased to expand our footprint at our Port 95 logistics park,” said Bradlee Lord, Vice President, who is based out of Seagis’ local office in South Florida. “The Port 95 submarket offers immediate access to I-95 and 595 and is just minutes from both Port Everglades and Fort Lauderdale International Airport. Since acquiring the first three buildings at the park last year, we have already taken steps to beautify the property and improve the customer experience, which has helped us increase occupancy to nearly 100 percent. Now we look forward to delivering a state-of-the-art industrial facility that will diversify our offerings there and serve to meet local market demand.”
Located in Dania Beach, just south of State Road 84, just west of I-95., on an approximately 15-acre site, Seagis @ Port 95 logistics park features approximately 200,000 square feet of industrial space. The first three, multi-tenant buildings totaling 142,000 square feet of space are located at 3400 to 3406 SW 26th Terrace.
Constructed in 1992, the three buildings have since been upgraded by Seagis and feature 4,000 to 8,000-square-foot units with 20’ to 21’ ceiling heights, dock loading wells, ramped loading doors and a store front entrance. A fourth, brand new building, located at 3410 SW 26th Terrace, will feature 51,100 square feet of industrial space, 32’ clear ceiling height, 15 dock doors, drive-in doors, and an ESFR sprinkler system.
This acquisition expands Seagis’ South Florida regional foothold to 112 logistics properties, totaling more than 6 million square feet of investment-grade industrial space.
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