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Boston & New England  + Boston + Miami  + Industrial  |  January 24, 2022
Aventura Industrial Center in Miami, FL
Lisa McDuffie
By: Lisa McDuffie

Chilly Boston Buyer Pays $59M for Freezer/Cooler Space in Toasty Miami

Boston, MA-based Longpoint Realty Partners has paid $59 million for Aventura Industrial Center, a 304,408-square-foot cooler/freezer portfolio in Miami, FL. The portfolio was 64 percent leased at the time of sale.

Christian Lee, Chris Riley, José Lobón, Amy Julian and Royce Rose with CBRE represented the seller, Stockbridge Capital Group. The sales team was assisted by the CBRE’s Larry Dinner, Devin White and Tom O’Loughlin.

Aventura Industrial Center features two warehouse buildings located at NE 185th Street and NE 187th Street. Cooler/freezer space in Miami is often utilized for pharmaceutical and flower distributors as well as food distributors servicing the cruise lines in Port Miami and Port Everglades.

South FL is one of the most supply-constrained industrial markets in the nation. According to CBRE Research, the cooler/freezer market in Miami is exceptionally tight, with only one other freezer/cooler space totaling 42,000 square feet currently available.

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Inside The Story

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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