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Foundry Commercial, HighBrook Investors Close On Americas International Center

Americas International Center

Foundry Commercial, in partnership with HighBrook Investors, recently announced closing on the Americas International Center (“AIC”) industrial park, located along NW 12th Street in Miami-Dade County.

The 147,000-square-foot shallow bay facility, which is 95% leased, is positioned within one of the most active industrial submarkets in the country.

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Miami-Dade County Blocks Doral In Annexation Bid For Land Sweetwater Wants Too

The 1,200-acre square of unincorporated industrial land that’s home to Telemundo and Goya Foods offers more than $1 million in potential tax revenue a year for the two Miami-Dade cities near it, and Sweetwater and Doral both want to annex the area.

On Tuesday, July 20th, county commissioners voted to take Doral out of the contest.

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Blackstone Picks Up $94 Million Worth Of Industrial Properties From Elion Partners

Investment giant Blackstone paid a combined $45.9 million to Elion Partners for five warehouse properties in Broward County. However, a source with knowledge of the deal said the transactions included eight properties in Miami-Dade. When considering all properties in Miami-Dade and Broward counties, the total price was $93.5 million.

The deal shows there remains strong demand for industrial real estate in South Florida as occupancy rates are high. North Miami Beach-based Elion Partners acquired these warehouses in 2018 and 2019, and the new sale prices were significantly higher than the previous deals.

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