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8.5-Acre Medley Development Site In Booming South Florida Industrial Market Purchased

Hilco Redevelopment Partners (HRP), a unit of Hilco Global, just announced the purchase of an industrial development site located at 11002 Northwest S. River Drive in Medley.

The 8.5-acre property is part of a larger 25-acre Superfund site which has previously undergone corrective action. HRP has current plans to develop the site into a state-of-the-art warehouse/logistics facility to support the growing tenant demand across South Florida.
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South Florida’s Outlying Markets, From Belle Glade To Treasure Coast, Heat Up

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For years, economic developers in Palm Beach County pitched the rural Glades region as an up-and-coming area for industrial development. And for years, splashy deals failed to materialize.

That recently changed, when Apopka-based Finfrock, a maker of precast concrete buildings, bought 94 acres on the site of a former state prison in Belle Glade, located just off of State Road 80, the cross-state trucking route, with plans for a 140,000-square-foot manufacturing facility.

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Lack Of Land Has Industrial Developers Looking To Take Over Florida’s Golf Courses, Lakes And The Everglades

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As senior vice president for Duke Realty, Stephanie Rodriguez oversees a portfolio of industrial properties in South and Central Florida, a geography with limited space and shrinking new development options.

“We’re all fighting over the same pieces of dirt,” Rodriguez said during a May 12 Bisnow South Florida Industrial Update event. “Industrial is the darling of the real estate market right now.”

New players are moving in to compete with the five or so firms that have controlled the market for decades.

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