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| Dalton Easton |
Doral, FL, June 1, 2020 – An
entity affiliated with The Easton Group has acquired an 8.5-acre development
site in Hialeah Gardens for $8.2 million, completing the second half of a land
assemblage that started nine months ago.
The first site, also 8.5 acres, was acquired
by a different Easton affiliate in September 2019 for $5.6
million. The Easton Group plans on developing the entire property
with a 266,000-square-foot state-of-the-art warehouse.
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| Edward W. Easton |
The property is located off Northwest 107th Avenue near Florida’s
Turnpike.
The seller in the latest transaction was Seagull Development
Holdings which is connected to marine contractor Ebsary Foundation Company. The
buyer was EEB Land I.
Easton has submitted plans to build a Class A
warehouse/distribution facility with a 32-foot clear ceiling height and 75
trailer parking spaces. Leasing efforts will begin right away, while
construction is expected to start in the first quarter of 2021.
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| Edward J. Easton |
Dalton Easton, an associate with
Easton’s brokerage division, sourced both land acquisitions.
“While there has been some slowdown in industrial real estate
deals due to the pandemic, we are bullish on the market in the near future and
going forward,” said Easton who represented the buyer.
“There
are only a few good development sites left in Miami-Dade at the right price,
and we think we found one. It should be ideal for an ecommerce company or
distributor that wants to relocate or requires additional space.”
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| Easton Acquires Hialeah Gardens, FL Development Site for 266,000-Square-Foot Warehouse |
The Hialeah Gardens acquisition presented a unique opportunity for
three generations of the Easton family to work together on a significant
deal.
For Dalton Easton, this is his most
significant transaction since becoming a commercial real estate agent in 2017,
but he has the right mentors around him.
His grandfather, Edward W. Easton,
founded The Easton Group 50 years ago and his father, and Eddie Easton,
is a senior VP in charge of investments.
“Being in business with my son Eddie these past three decades has
been the thrill of my life, but now working with my grandson and watching him
come into his own as a real estate professional gives me a great deal of
pride,” said Easton, Sr. “He has come a long way in a short amount of
time, and I will enjoy watching him succeed.”
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| Rendering of planned Class A warehouse/distribution facility with a 32-foot clear ceiling height and 75 trailer parking spaces. |
“My dad and grandfather have prepared me well for executing deals
like these Hialeah Gardens transactions,” said Dalton Easton. “I know I still
have a great deal to learn in this business and look forward to doing it with
great teachers, like my grandfather and father, at my side.”
About The Easton Group:
Edward W. Easton is founder and
chairman of The Easton Group, a family-owned, boutique commercial real estate
firm with over 40 years of experience and an exceptional track record.
The group is broken down into four business
units consisting of commercial real estate investment, development, brokerage
and property management.
The
Easton Group is headquartered at International Corporate Park in Doral,
Florida. For more information, please visit www.theeastongroup.com.
CONTACT:
Todd Templin, Executive VP/Principal
BoardroomPR
O 954-370-8999
C 954-290-0810