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South Florida’s Outlying Markets, From Belle Glade To Treasure Coast, Heat Up

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For years, economic developers in Palm Beach County pitched the rural Glades region as an up-and-coming area for industrial development. And for years, splashy deals failed to materialize.

That recently changed, when Apopka-based Finfrock, a maker of precast concrete buildings, bought 94 acres on the site of a former state prison in Belle Glade, located just off of State Road 80, the cross-state trucking route, with plans for a 140,000-square-foot manufacturing facility.

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Terreno Realty Buys Miami-Dade Property, Plans Warehouse Development

Terreno Realty Corp. said it plans to build a pair of warehouses in Miami-Dade County after buying a vacant site in the Gladeview area.

VF 73rd Street LLC, managed by Rene Vivo Jr. and Augusto J. Fonte in Hialeah, sold the 5.8-acre site at 3000 N.W. 73rd St. to Bellevue, Washington-based Terreno Realty Corp. for $5.8 million.

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Investors Hungry For Industrial Properties

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Before the pandemic, industrial properties were a more of a snack than a main course among real estate’s primary food groups, but investors’ voracious appetite for the sector may result in it occupying a larger place in their portfolios.

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