The Easton Group, LBA Logistics JV Picks Up Former Badia Spices Warehouse
The 105,365-square-foot warehouse sold for $19.5 million.
The 105,365-square-foot warehouse sold for $19.5 million.
The buyer is one of the largest retail beauty products, wig and human hair extension suppliers in the United States. It owns and operates 22 retail locations throughout the South Florida tri-county area and Tampa.
A 127,150-square-foot warehouse/distribution facility will be built on one of the last remaining parcels within International Corporate Park.
“The industrial leasing activity remains solid as we enter 2021,” said Waite. “Now that we’ve rolled out a COVID vaccine in South Florida, I suspect business and consumer confidence will only get stronger providing lots of new opportunity in the commercial real estate market.”
The deals include one sale and one lease transaction. CLICK ON THE HEADLINE FOR MORE
Easton’s Jim Armstrong and Mike Waite negotiated the lease deals. CLICK ON THE HEADLINE FOR MORE
Easton & Associates’ Mike Waite, Jim Armstrong, Tom Kimen, Mike Rice, David Olalde, Andrew Easton and Jeremy Myers negotiated the transactions. CLICK ON THE HEADLINE FOR MORE
Investor Dezer Development purchased the asset. CLICK ON THE HEADLINE FOR MORE
“There is strong demand for quality product in good locations.” CLICK ON THE HEADLINE FOR MORE
The lease deal brings Prologis Beacon Industrial Park Building 4 to 100% occupied. CLICK ON THE HEADLINE FOR MORE
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