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Grocery Wholesaler Buys Hialeah Warehouse For Record $12M

A wholesale grocery company bought a 122,000-square-foot industrial property in Hialeah for a record $11.6 million.

Thirty Six Ninety LLC sold the property at 3690 Northwest 62nd Street to Alfoncito Investments. The buyer is tied to Rex Discount wholesale grocery, which will occupy the building, according to a press release.

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It’s Not Just About E-Commerce. Physical Retail Will Also Drive Warehouse Demand This Year

Once there are widespread vaccinations and people begin shopping in physical retail locations, will that  make a dent in e-commerce sales and warehouse demand?

One analyst group says no. Continue reading