MIAMI-Seagis Property Group has acquired the six-building Deerwood Commerce Center and Business Park at SW 119th Street for just under $21.3 million, or almost $92 per sf. The complex contains an aggregate of 231,000 sf and is 100% leased to multiple tenants.

This takes West Conshohocken, PA-based Seagis' Miami industrial portfolio to one million sf, all acquired within the past seven months. The Deerwood complex borders the Florida Turnpike and consists of two 24-foot clear dock-high distribution buildings aggregating 141,000 sf, which were completed this year, and four office/warehouse structures aggregating 90,000 sf, which date back to 1984.

Paul Cohen of the local office of CB Richard Ellis represented the seller, REMS Group Inc., a local investment group. Seagis spoke for itself.

This is the company's sixth acquisition here, but not its last, according to Charles C. Lee Jr., a principal. "We continue to explore opportunities in the Miami market," Lee tells GlobeSt.com. "We want to take advantage of the momentum."

In early September, the company acquired a 171,000-sf industrial building at 2900 NW 112th Ave., which is fully leased to Nippon Express USA. That followed its August acquisition of a two-building, 121,250-sf property at 57 NE 179th St.