CenterPoint Properties has purchased a 65,000-square-foot distribution facility in the bustling Airport West submarket at 8788 NW 27th Street in Doral.
A strong performance in the South Florida industrial sector during Covid-19 didn’t fully translate to new milestones in the market’s top sales. The largest industrial sale of 2020, valued at $94 million, still fell below the biggest deals of 2019 and 2018, of $178 million and $180 million, respectively, according to an analysis by The
Florida East Coast Industries (FECI) sold a pair of new warehouses at Countyline Corporate Park in Hialeah for a combined $61 million. The buyer was Oak Brook, Illinois-based CenterPoint Properties, which has acquired 10 industrial properties in South Florida since 2017.
CenterPoint Properties has announced the acquisition of a 17.14-acre land site in the Miami-Dade County submarket. Located at 3200 NW 67th Avenue in Miami, this site is currently 100% leased to a leading e-commerce retailer.
Last year, Miami added nearly 10,000 jobs in logistics alone — more than double the number added in any previous year and almost half the number created across the state according to Transwestern’s most recent market reports. Miami’s industrial vacancy rate has been below 5% since 2015, and even with new product having come online,
