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Florida East Coast Industries Breaks Ground On Two Warehouses In Hialeah With $20M Loan

Florida East Coast Industries broke ground on a pair of warehouses in Countyline Corporate Park in Hialeah after obtaining a $20 million construction loan.

Wells Fargo Bank awarded the mortgage to Countyline Building 24 LLC and Countyline Building 25 LLC, both affiliates of Miami-based FECI. The buildings will be constructed at 4071 and 4021 W. 108th St. They will each total 136,795 square feet.

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Why Warehouses Will Be A Good Investment In The Near Future

The retail apocalypse was a major concern before the COVID-19 outbreak took hold.

In 2019, an estimated 9,500 stores went out of business, according to Coresight Research. But now, a lot of major retailers are making plans to close stores as the effects of the pandemic rear their ugly head.
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