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South Florida’s Largest Off-Market Freezer Warehouse Sells For $13.25 Million

CBRE Senior Vice Presidents Larry Genet, Tom O’Loughlin and Senior Associate Jake Zebede negotiated the purchase of an ±80,000-square-foot freezer facility located at 650 NE 185th Street in Miami.

Genet led the team in representing the buyer, Ivy Realty, which paid $13,250,000 in the off-market deal. Stuart T. Kapp of Kapp Morrison LLP represent Ivy Realty as legal counsel.
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Hialeah Distribution Warehouse Sells For $15M

Mac Papers, which manufactures a host of paper products, sold its distribution warehouse in Hialeah for $14.68 million.

The Jacksonville-based company sold the 137,872-square-foot warehouse at 5900 N.W. 176th St. to Spirit Master Funding X LLC, an affiliate of Dallas-based Spirit Realty. The price equated to $106 per square foot.

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