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South Florida Industrial Leases Boom In ‘Warehouse Wave’

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South Florida is quickly becoming a hot spot for distribution warehouse centers, surpassing activity in the market’s shopping centers and malls.

The region’s commercial property management firms have seen industrial and retail sectors essentially merge into one super-sector, as the pandemic ignited the demand for e-commerce and other distribution services this past year.

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Easton Group Breaks Ground On Hialeah Gardens Warehouse With $24M Loan

An affiliate of Doral-based Easton Group broke ground on a warehouse in Hialeah Gardens after obtaining a $24 million construction loan.

U.S. Bank provided the mortgage to Hialeah Gardens Partners, an affiliate of Easton Group, for the 16.8-acre site at the southeast corner of Northwest 144th Street and 109th Avenue. It’s just east of where Florida’s Turnpike meets U.S. 27/Okeechobee Road.

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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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