 |
| Edward W. Easton |
Doral, FL— An affiliate of
The Easton Group, an established commercial real estate firm based in
Doral, has acquired a new, 182, 000
square foot warehouse/distribution facility in west Miami-Dade County.
EWE Airport North Logistics Center, LLC paid
$21.846 million in cash to the seller, Ridge Development, which recently built
the Class A facility.
The Easton Group, which is
handling leasing and management, is currently talking with potential tenants
and expects to make an announcement about that soon.
“This was an opportunity
to add a quality asset to our portfolio at a time when industrial real estate
continues to fire on all cylinders,” said Edward
W. Easton, founder and chairman of The Easton Group. “We still see huge
tenant demand for new construction in desirable locations like this one. As a result, we believe we can secure
top-of-the-market rental rates with some room to grow.”
The distribution facility
is located on 10 acres at the corner of 87th Avenue and 90th Street west of the
Palmetto Expressway with easy access to Miami International Airport and Port
Miami.
For a complete copy of the company’s news release,
please contact:
Todd Templin
Boardroom Communications
954-370-8999/954-290-0810
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