MIAMI-AEW Capital Management has acquired Flagler Station, a 4.2 million-square-foot industrial park in South Florida, for $340 million. Flagler, a Coral Gables-based commercial real estate developer, sold the property for $81 per square foot.
The Flagler Station deal included the developed industrial portfolio. In January, TPG was under contract to acquire the portfolio, but that deal held by mid-March. Colliers International is selling undeveloped land in Florida for Flagler. For the full story, go to Jacksonville Business Journal .
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