Elion Partners Buys Medley Warehouse

Nov 06, 2018 No Comments by

A company tied to Elion Partners paid $7.6 million for a warehouse in Medley that serves as the headquarters of Majestic Mirror & Frame.

EVI 7425 LLC, which is led by the principals of the real estate investment firm Elion Partners, bought the 62,713-square-feet building at 7425 Northwest 79 Street from A Jay Properties, which is tied to Alan Mandel, the founder of Majestic Mirror & Frame, property records show.

The warehouse was built in 1974 and totals 112,471 square feet. The price equates to $121 per square foot.

 

Source:  The Real Deal

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