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Miami Firm Buys Strategic Warehouse Complex

South Florida Industrial
South Florida Industrial
November 7, 2016 Jarred Schenke, Atlanta
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Courtesy: Cushman & Wakefield

Equitable Real Estate Partners has beefed up its flex industrial holdings in Miami.

The firm purchased Airport East Distribution Center, a nearly 400k SF flex warehouse project at 7000 NW 32nd Ave, near Miami International Airport and PortMiami. Terranova Corp sold the three-building project—90% leased to such tenants as GA Telesis and EconoCaribe—for $17.5M,or $44/SF.

Cushman & Wakefield's Mike Davis, Rick Brugge, Michael Lerner, Wayne Ramoski and Gian Rodriguez brokered the sale.

Contact Jarred Schenke at jarred@bisnow.com
Related Topics: Mike Davis, Wayne Ramoski, Terranova Corp, Gian Rodriguez, Cushman & Wakefield, Michael Lerner, Rick Brugge, 7000 NW 32nd Ave, Equitable Real Estate Partners