(Read more on the industrial market.)

MIAMI-NP 82nd Ave Miami Industrial LLC has acquired a 150,000-sfindustrial property at 2323 NW 82nd Ave. for $19.47 million. Theproperty is located in the Airport West submarket of Miami andcontains office and warehouse space. NP 82nd Ave Miami IndustrialLLC is an entity associated and controlled by New York-basedBlackRock, Inc.

"This sale is representative of the market's depth for coreacquisitions that are well positioned," says Capital CommercialGroup principal Ernesto Casal, who brokered the deal. "The capitalmarkets remain actively interested in South Florida and are willingto pay a premium for buildings in excellent locations with greattenants."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.