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.
A Home Depot distribution facility that will total over 1 million square feet has broken ground in Hialeah.
CCP Central South LLC, an affiliate of Miami-based Florida East Coast Industries (FECI), obtained a $98.7 million construction loan from Wells Fargo Bank for the project at 4210 and 4040 W. 108th St. It’s not far from the U.S. 27 interchange of Florida’s Turnpike and the southernmost exit of Interstate 75.
Duke Realty just paid $34.4 to Florida East Coast Industries to buy another warehouse at one of Miami-Dade County’s largest industrial parks.