HRP Acquires Industrial Development Site in Medley
Hilco Redevelopment Partners (HRP), a unit of Hilco Global, has acquired a nearly nine-acre industrial development site in Medley, FL.
Located at 11002 Northwest S. River Drive, the property is part of a larger 25-acre Superfund site which has previously undergone corrective action. HRP has current plans to develop the site into modern warehouse/logistics facility to support the growing tenant demand across South Florida. Hilco Redevelopment Partners indicated that it plans to construct a 175,000 square-foot, modern front-load warehouse designed to support multiple tenants. HRP expects to complete the development project and have the new facility fully operational by 2022.
Steve Medwin and Nick Wigoda of Newmark brokered the sale on behalf of HRP. The duo will also handle leasing of the project.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.