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Could COVID-19 Benefit The Industrial Real Estate Market?

There is no doubt COVID-19 will negatively affect many sectors of the real estate market, but not all industries will be impacted in the same way. Industrial real estate, in particular, may actually benefit from the current crisis.

CBRE Group published a market update on April 8, 2020, specifically relating to the impact of COVID-19 on the industrial sector of commercial real estate, clearly showing that several types of industrial real estate are seeing huge increases in demand since the outbreak.

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1-Acre Hialeah Gardens Industrial Site Sells For $1.1 Million

Miami Industrial Land-Cherokee

CBRE Senior Associate Ana Rivera negotiated a sale on behalf of Cherokee Enterprises, Inc. (CEI), the seller, of a one-acre industrial site located at 10592 NW 134th Street in Hialeah Gardens, a submarket approximately 10 miles north of Miami International Airport.

Dade Contracting purchased the site for $1,100,000, a 20 percent increase over the original investment. The deal closed January 13.

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Centro Logistics Industrial Development Site Purchased For $25 Million

CBRE has arranged the $25-million sale of Centro Logistics, a 20.3-acre infill industrial development site in Miami.

The site, located in the heart of the Gratigny industrial micromarket, was sold to Panattoni Development Company, a leading privately held real estate development company with more than 340 million square feet of industrial, office, and build-to-suit projects delivered over the span of 33 years of business.

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