Seagis Property Group Expands Medley Footprint With 200,000-SF Off-Market Industrial Acquisition
Jose Sasson Lerner and Roberto Susi of AXIOM Capital Advisors represented Seagis in the transaction.
Jose Sasson Lerner and Roberto Susi of AXIOM Capital Advisors represented Seagis in the transaction.
Elias G. Patsalos, CCIM, MSIRE, President/Broker with Agora Real Estate Group, represented both the buyer and seller in the transaction.
The seller executed a sale-leaseback agreement at closing, allowing the company to continue occupying the property for 30 years.
The 689,940-square-foot portfolio consists of 20 warehouse buildings located in the Medley submarket.
M&M’s Michael Alaoui had the exclusive listing to market the property on behalf of the seller and procured the buyer.
E-commerce continues to spur demand for well located, fully-secured trailer/fleet parking lot assets across South Florida.
The planned project is the second of two distribution facilities in Duke Realty’s Miami 27 Business Park in Medley.
Americas Commercial Real Estate is leasing the warehouse. CLICK ON THE HEADLINE FOR MORE
The facility is slated for completion in September 2016. CLICK ON THE HEADLINE FOR MORE
The asset was purchased for around $6 million. CLICK ON THE HEADLINE FOR MORE
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