The Easton Group Bolsters Industrial Portfolio With $16.9 Million Off-Market Warehouse Acquisition

In a move that underscores its long-term confidence in Miami’s industrial market, The Easton Group has acquired a 96,585-square-foot warehouse/distribution building at 3151 NW 125th Street in the Gratigny industrial submarket for $16.9 million.

Easton & Associates Vice President Dalton Easton represented the buyer in the off-market transaction.

The property, built in 1986, is leased to Front of the House, a leading manufacturer and distributor of distinctive dinnerware and tableware.  The seller, 3151 Hamersmith, is an entity tied to a local private investor.

“Even with leasing activity slowing over the past year, there is still a lot of capital in the market targeting the right opportunities,” said Dalton Easton. “We believe we acquired this asset at an attractive price and are excited to expand our footprint in one of Miami’s most strategic industrial corridors.”

This marks The Easton Group’s second acquisition within the Gratigny submarket.  In September 2022, Easton purchased the neighboring 75,829-square-foot facility at 3121 NW 125th Street, leased to OKAY Pure Naturals.

The property is rail-served, a feature The Easton Group views as a significant value driver, providing tenants with enhanced logistics capabilities in a land-constrained market. The Gratigny area benefits from immediate access to major highways, rail service, and proximity to Miami International Airport and PortMiami, making it one of the most desirable logistics hubs in South Florida.