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MIAMI-FX Properties has acquired two sorting-and-distribution facilities that are solely leased to Federal Express in a deal valued at $3.6 million, or $60 per sf.

The Boca Raton-based investment group, led by Samuel Leder, bought two properties–containing a total of 60,000 sf at 15601 W. Dixie Hwy. in North Miami Beach and 14101 SW 119th Ave. The seller was Boca Raton-based FX Properties Limited Partnership, an unaffiliated company led by Gerald Goray and Alan Ziegelman.

Goray and Ziegelman retained West Palm Beach, FL-based RJS Realty Group to negotiate the sale with brokers Bob Sullivan and Mack Gaither handling the transaction.

This is the second time that Sullivan and Gaither have negotiated the sale of these two facilities. They represented Lend Lease Real Estate Investments about five years ago in the sale to the Goray-Ziegelman partnership.

Goray-Ziegelman exended the lease terms and renovated the properties, Gaither tells GlobeSt.com. FedEx has leased the properties since they were built in the mid-1980s.

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