Clarion Partners Sinks $18 Million On New Warehouse

Apr 14, 2016 No Comments by

Clarion Partners has purchased a new warehouse in Medley for $18.15 million, records show.

An affiliate of Dallas, Texas-based Crow Holdings Capital Real Estate sold the roughly 136,500-square-foot industrial property at 11500 Northwest 123rd Street. The company paid $4 million for the nearly 7-acre plot in 2014 and completed the new warehouse last year.

Lit Limited Partnership, which is managed by Clarion’s Kristopher Arviso and ties back to the firm’s headquarters, is the buyer. Carlos Rainwater, part of Crow Holdings’ real estate investment committee, signed the deed transfer of ownership on behalf of the seller, CH-Realty VI-LPC I Miami Turnpike Park LLC.

Americas Commercial Real Estate is leasing the warehouse, called Turnpike Park, according to its website.

 

Source:  The Real Deal

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