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Terra And Terranova Pay $40M For PepsiCo’s Regional Headquarters And Distribution Center In Doral

Two Miami developers are quenching their thirst for South Florida land.

A joint venture between Terra and Terranova paid $40.3 million for PepsiCo’s regional headquarters and distribution center in Doral, a spokesperson said. The food-and-beverage giant arranged a sale-leaseback with the buyers, 7777 Investment LLC, for the 232,000-square-foot facility at 7777 Northwest 41st Street.

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