Despite signs that South Florida’s industrial market may be cooling after years of rapid growth, a new report shows that demand remained strong in the second quarter.
Americas Commercial Real Estate, along with Newmark Knight Frank (NKF), brokered a renewal and expansion lease totaling 177,000 square feet with AAR, a leading provider of aviation services to commercial airlines and governments worldwide, for its Landing Gear Services (LGS) business at Medley Commerce Center in Medley.
Blackstone affiliate bought two industrial vacant lots in Medley for $7.2 million.
Link Industrial Properties, an affiliate of Blackstone, bought the 8.8-acre site for $818,181 per acre. The seller is Medley Auto Parts.