CBRE arranged the $19.5 million sale of the Tire Group International (TGI) Distribution Center, a single-tenant distribution building in Miami’s Airport West Submarket.
CBRE has arranged the sale of Centergate at Gratigny in Hialeah.
The 3-building property, located at 5801 and 6301 East 10th Avenue, was sold on behalf of PRII CENTERGATE 1 LLC and PRII CENTERGATE 2 LLC, subsidiaries of Prudential Real Estate Investors, which acquired the property in 2015. The seller was exclusively represented by the CBRE Capital Markets team of Vice Chairman Chris Riley, Vice Chairman Christian Lee, and Executive Vice President José Lobón.
Bridge Investment Group is buying two office properties in Medley and Doral for nearly $123 million, a source told The Real Deal.
New York-based investment manager DRA Advisors is selling the 387,000-square-foot Offices at Flagler Station in Medley and the 141,000-square-foot Offices at Doral Square, according to the company’s website. DRA’s partner on the Doral property is Banyan Street Capital, a Miami-based firm.
The deals are expected to close this week, the source confirmed.