(Read more on the industrial market.)
MIAMI-West Conshohocken, PA-based Seagis Property Group hasacquired the two-building, 222,700-sf Palmetto Business Center for$12.9 million. The asset was 92% leased at sale time.
The buildings are located on 7.93 acres at 6700 NW 77th Courtand 7801-21 NW 67th St. in an unincorporated section of Miami-DadeCounty north of Doral and south of Medley. The buildings front thePalmetto Expressway or Route 826. "The property is a highlyfunctional building in a great location and it complements ourother properties in the area," Seagis Property Group principalCharles Lee tells GlobeSt.com. With the takeover is a new name,Palmetto Trade Center.
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