CenterPoint Buys Industrial Property Near MIA For $30 Million

Mar 25, 2020 No Comments by

Updated March 26, 2020

CenterPoint Properties Trust bought an industrial property near Miami International Airport for $29.5 million.

Oak Brook, Illinois-based CenterPoint Properties purchased 17.4 acres of the 42.5-acre parcel at 3200 Northwest 67th Avenue for $1.73 million per acre, records show. FDG Hialeah, tied to Florida East Coast Industries, sold the warehouse site.

The property is part of South Florida Logistics Center, a 200-acre logistics complex adjacent to Miami International Airport. It was developed by Florida East Coast Industries, the parent company to the high-speed Brightline train.

CenterPoint Properties has 326 properties or 61 million square feet of space, and focuses on logistics parks, according to its website.

In November 2018, FECI sold one part of South Florida Logistics Center to a subsidiary of JPMorgan Asset Management for $31 million.

Source:  The Real Deal

 

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