The Easton Group acquired property in Hialeah Gardens and plans to develop it into a distribution warehouse.
This would add to the industrial development boom in the northwest corner of Miami-Dade County and potentially help serve the growing e-commerce distribution sector.
Seagull Development Holdings, managed by Scott A. Alfele, sold 10.4 acres of vacant land, for $8.2 million to EEB Land 1 LLC, an affiliate of Doral-based Easton Group, led by veteran developer Edward Easton. The property is at the northwest corner of Northwest 109th Avenue and Northwest 142nd Street. It’s just east of where Florida’s Turnpike meets U.S. 27/Okeechobee Road.
Dalton Easton, a commercial associate at the company and the grandchild of founder Ed Easton, spearheaded the deal. He said institutional investors have snapped up most of the surrounding land, so this was a good opportunity for Easton Group to grab a prime development site. Not only is it near Florida’s Turnpike, it has good access to Interstate 75 and the Gratigny Parkway, he said.
The distribution warehouse will total 266,000 square feet with 32-foot clear height and 75 trailer parking spaces so trucks can be left there overnight, Easton said. The company will seek site plan approval from the city and hopes to complete the project by November 2021.
The Covid-19 pandemic has caused uncertainty in the retail and office markets as some tenants have gone out of business, but the industrial market could be a bright spot.
“Nobody knows the outcome of this pandemic but there are some positives for industrial,” Ed Easton said. “Industrial is dependent a lot on e-commerce and e-commerce has actually picked up. The demand for warehouses in Miami-Dade County won’t change.”