The recently completed Airport North Logistics Center in Medley was sold for $22.02 million, or $120 per square foot.
Ridge Development, the industrial development arm of Transwestern Development Co., has broken ground on a speculative industrial project in Medley.
Airport North Logistics Center is a 182,057-square-foot distribution facility located at the intersection of NW 87th Avenue and NW 90th Street in Miami’s Medley submarket. The facility is slated for completion in September 2016.
JPMorgan Chase Bank awarded a $12.43 million mortgage to build a 181,420-square-foot distribution center in Medley.
The mortgage was granted to Ridge Medley Partners I, an affiliate of Chicago-based Ridge Development, the industrial property arm of Transwestern Development Co.