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Panattoni Development Grabs Gratigny Development Site for $25M
Panattoni Development Co. has acquired Centro Logistics, a 20-acre infill industrial development site in Miami’s Gratigny industrial submarket. The sales price was $25 million.
The site is located at 3000 Northwest 123rd St. and consists of one rectangular, contiguous parcel. The conceptualized layout of the new facility would feature 414,950 leasable square feet in two (2) rear-load, dock–high warehouse buildings that share a 190’ truck court area that has access along NW 123rd St.
The CBRE Capital Markets team of Christian Lee, Chris Riley and José Lobón represented the seller, ZSF/WD Opa Locka, in the transaction.
“Located between two signaled intersections along the northern boundary of the Gratigny Expressway, the site offers excellent transportation dynamics, with Interstate 95 and Interstate 75 access just three miles and five miles from the property, respectively.” said Jose Lobon, executive vice president at CBRE.
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