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 Real Deal.
Newmark Knight Frank (NKF) has completed the sale of a 69,834-square-foot freestanding industrial warehouse in Medley for $9.75 million.
BRW Floors, Inc., a high-end hardwood flooring distribution business, sold the building to Black Creek Group, a Denver-based real estate investment manager and development firm. The sale comes as investors continue to compete for a limited supply of premium industrial space currently available in South Florida due to record demand fueled by the e-commerce revolution.