Miami industrial insight - Q2 2018

The recent acquisition of Countyline Corporate Park in Hialeah Gardens by Duke Realty illustrates the growing interest for high-yielding properties with a strong and established blue-chip tenant in place. Duke paid about $180 per square foot for three of the nine warehouses at the park. They will purchase the remaining warehouses upon completion for a total of 1.1 million square feet and will become a top-five industrial owner in the county.

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