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Seagis Property Group Completes Acquisition Of Two Prime Industrial Real Estate Properties In Medley

10900 NW 138th Street Rendering 1200x600

Seagis Property Group LP (“Seagis”), one of South Florida’s most active industrial real estate investors and owners, closed on a two-property industrial real estate portfolio located in Medley.

Both properties were sold by Cemex USA, a global building materials company. Located at 10900 NW 138th Street, the first property is a seven-acre site, home to a decommissioned cement plant that Seagis will redevelop into a 130,150-square-foot Class-A warehouse. The state-of-the-art, rear-load facility will be delivered in late 2023.

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Land Of Development Opportunity: Builders Bet On South Miami-Dade

Miami real estate development duo Jose Hevia and Stephen Blumenthal are not afraid of taking risks, let alone catching heat.

While developers’ proposals often anger residents who are fearful of traffic congestion and the loss of green space, Hevia and Blumenthal’s plan is so controversial, it’s on a scale that Miami-Dade County has not seen for almost a decade. The partners envision an up to 9.2 million-square-foot industrial complex outside the Urban Development Boundary, an invisible line that restricts the sprawl of development as a way to preserve farms and wetlands surrounding the built-out part of Miami-Dade.

The greenbelt is vital to protecting the county from flooding, as well as for preservation and restoration of the Everglades, environmentalists say. They argue this is especially applicable to the land where Hevia and Blumenthal want to build their South Dade Logistics & Technology District.
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