Duke Drops $180 Million On First Phase Of Countyline Corporate Park

Jul 01, 2018 No Comments by

Hialeah’s industrial market just got hotter.

Duke Realty just dropped $180 million on an 8 million-square-foot industrial park.

Countyline Corporate Park is being developed by Flagler Global Logistics, a subsidiary of Florida East Coast Industries. Flagler assembled the 95-acre site in 2005 for a combined $38.3 million. It’s near the border of Miami-Dade and Broward counties at the northwest corner of Northwest 154th Street and and Northwest 97th Avenue.

The first phase totals about nine buildings, including one under construction. Property records show Duke Realty bought the first three buildings as part of the first phase. It’s also under contract to buy a fourth building totaling 208,000 square feet, records show. In all, Duke Realty will purchase buildings totaling 1.2 million square feet.

The largest warehouse spans about 500,000 square feet. It is the future site of aircraft services company KLX Aerospace Solutions new headquarters. Other tenants include CGI Windows, which inked a roughly 325,000-square-foot lease at the park.

Hialeah is among the top industrial submarkets in Miami-Dade. Commercial sales activity totaled $217.1 million in 2017, up from $83.6 million in 2016.

 

Source:  The Real Deal

 

 

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Broward County Industrial / Flex, Industrial / Flex, Industry News, Miami-Dade County Industrial / Flex, NA
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