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Acquisition
May 18, 2021
May 18th, 2021 - Conshohocken, PA – Seagis Property Group announced today that it has acquired a 22,000 square foot distribution facility situated on an oversized 4-acre lot in Medley FL (Miami-Dade County).
Seagis acquired the property located at 12800 NW 113th Court vacant and is actively marketing the property for lease. The acquisition increases the Company’s South Florida portfolio to 100 buildings totaling over 5.3 million square feet.
“This low coverage infill property is located in an institutional quality neighborhood and is another great addition to our South Florida portfolio. Its strategic location and proximity to key infrastructure enables tenants to reach 70% of South Florida’s population within a 60-minute drive. The property has immediate access to Route 27 and is 1 mile from the Ronald Reagan Turnpike, less than 3 miles from the Florida Turnpike (I-75), and 4 miles from the Palmetto Expressway (Route 826)” said Bradlee Lord, Director, 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.