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MEDLEY, FL-Chicago-based First Industrial Realty Trust Inc. has acquired an empty 142,000-sf distribution center from a corporate client. The terms of the deal also were not disclosed, but recent industrial sales in the submarket for comparable product hovers $8 million.

First Industrial senior regional director in Miami Jeremy Shapiro and senior investment officer Howard Freeman represented First Industrial in the acquisition of 6891 NW 74th St. Paul Isenbergh of Grubb & Ellis Co. in Miami represented the seller. According to property tax records, the seller was Mt. Home, NC-based Jefferson Smurfit Corp.

"The building is located on 'Main and Main Street' in the very sought after submarket of Medley," Shapiro tells GlobeSt.com. "The Medley submarket features many strategic advantages, including proximity to Miami International, the Port of Miami and all North-South corridors.