Major Light Industrial Portfolio Sale Near Miami International Airport
Miami, FL – JLL Capital Markets has successfully facilitated the sale of the Airport Trade Center, a prominent 371,976-square-foot light industrial portfolio situated adjacent to Miami International Airport. This transaction highlights the ongoing demand for industrial space in the dynamic South Florida market.
Strategic Location Enhances Value
The Airport Trade Center spans a 13.8-acre site and comprises three cross-dock buildings designed for efficiency. Its prime location offers:
- Proximity to Miami International Airport, the largest economic hub in the region.
- Central access to densely populated areas within Miami-Dade County.
- Connectivity to major logistical infrastructure, including highways, airports, and ports.
Luis Castillo, a key member of JLL’s Capital Markets Investment Sales and Advisory team, noted the favorable supply-demand dynamics in Miami’s industrial market and expressed optimism about long-term growth:
“The supply-demand fundamentals for Miami have been phenomenal, and the projections for rent growth in this high-alpha industrial market remain robust.”
Transaction Details
JLL represented the seller while facilitating the acquisition by East Capital Partners. The financing for the acquisition was also secured through JLL’s dedicated Debt Advisory team, led by Melissa Rose and Jovi Rodriguez. This collaborative effort underscores JLL’s comprehensive service capability in commercial real estate.
Key Players in the Deal:
- Investment Sales Team: Luis Castillo, Cody Brais, Taylor Osborne.
- Debt Advisory Team: Melissa Rose, Jovi Rodriguez.
About East Capital Partners
East Capital Partners is a private real estate investment firm specializing in off-market institutional commercial real estate throughout the Eastern United States. The firm’s leadership has managed to invest over $7 billion across various property types. Their investment strategy includes:
- Enhancing existing operations and leasing.
- Major repositioning and changes of use.
- Ground-up developments.
For more details, visit East Capital Partners.
JLL: A Leader in Real Estate Solutions
JLL (NYSE: JLL) is a global leader in commercial real estate and investment management. With over 112,000 employees across more than 80 countries, JLL provides innovative solutions across various sectors, including industrial, retail, and residential properties. Their commitment to improving the future of real estate underpins their operations.
Learn More About JLL:
- Website: JLL
Conclusion
The sale of the Airport Trade Center exemplifies the robust industrial real estate market in Miami, driven by strategic location and strong logistical access. With firms like JLL Capital Markets and East Capital Partners at the helm, the future looks promising for industrial investment in South Florida.
Related Links:
- Learn about Miami International Airport.
- Explore the South Florida Industrial Market.
- For insights on commercial real estate trends, check out National Association of Realtors.
This article provides an in-depth analysis of the significant developments in Miami’s industrial landscape.