Florida East Coast Industries (FECI) sold a pair of new warehouses at Countyline Corporate Park in Hialeah for a combined $61 million. The buyer was Oak Brook, Illinois-based CenterPoint Properties, which has acquired 10 industrial properties in South Florida since 2017.
Florida East Coast Industries just sold a warehouse near Miami International Airport for $31.1 million to a subsidiary of JPMorgan Asset Management.
An industrial market boom swept through South Florida in 2016.
Demand was strong for warehouse properties from Miami-Dade County through Palm Beach County, with buyers like Blackstone Group, Invesco Advisors, Clarion Partners and J.P.Morgan Asset Management getting into the fray.
Here are the top five sales in the tri-county region, priced from nearly $250 million to $50 million, based on CoStar Group data.