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Acquisition
September 13, 2021
September 13th, 2021 - Conshohocken, PA – Seagis Property Group announced today that it has acquired a 107,642 square foot distribution facility located at 10100 NW 25th Street in Doral, FL (Miami-Dade County).
The property was purchased through a sale leaseback transaction. The acquisition increases the Company’s South Florida portfolio to 108 buildings and 5.6 million square feet.
“We are excited to add another quality building to our South Florida portfolio. This building is strategically located in Doral with frontage on 25th Street and has excellent proximity to Miami International Airport.”, said Bradlee Lord, Vice President, who is based out of Seagis’ local office in South Florida.
Seagis Property Group LP (“Seagis”)
Seagis Property Group LP (“Seagis”) is a privately held industrial real estate owner and investor focused on the acquisition and development of properties located in logistically driven markets along the Eastern Seaboard. The company’s current portfolio spans more than 13 million square feet of space in New Jersey, New York, and South Florida. Seagis acquires stabilized core, core-plus, value-add, and development real estate for logistics use. Since its inception in 2005, Seagis has successfully acquired and developed more than 14.3 million square feet of industrial space. Seagis is headquartered in Conshohocken, Pennsylvania, located in suburban Philadelphia.