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South Florida’s Industrial Sales Jump To Over $1B In Q3 2019

South Florida’s condo market has slowed down and the housing market is not what it once was, but the industrial sector is as hot as ever.

Investment in South Florida’s industrial real estate market rose 77 percent to $1 billion in the third quarter of 2019 on a yearly basis. The market is booming right now due to an influx of institutional buyers acquiring new properties and land, according to an analysis of Real Capital Analytics data by Avison Young.

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Centro Logistics Industrial Development Site Purchased For $25 Million

CBRE has arranged the $25-million sale of Centro Logistics, a 20.3-acre infill industrial development site in Miami.

The site, located in the heart of the Gratigny industrial micromarket, was sold to Panattoni Development Company, a leading privately held real estate development company with more than 340 million square feet of industrial, office, and build-to-suit projects delivered over the span of 33 years of business.

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Multi-Market CRE Firm Acquires 18-Acre Industrial Site In Miami’s Popular Medley Submarket

Foundry Commercial, the multi-market commercial real estate firm with offices across the Southeast and Texas, recently closed on the purchase of the Midpoint Miami Logistics Park, an 18-acre site in Hialeah Gardens approximately 10 miles north of the Miami International Airport.

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