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The less than one-acre site at 6747 Collins Ave. was the last undeveloped beachfront lot in North Beach, located between the Deauville Beach Resort and Sterling Condominium buildings.
The three recently constructed Class A warehouse/distribution facilities located within Park North at Monroe were sold by Atlanta-based IDI Logistics, which developed the properties.
Kennedy Wilson formed a new joint venture platform with Security Benefit targeting stabilized, income producing, high-quality real estate investment opportunities in the Western United States.
Some four million commercial robots will be placed in 50,000 warehouses by 2025, up from just under 4,000 robotic warehouses last year, according to ABI Research.