For the full capability of this site, you must enable JavaScript. Allow Javascript and reload this page.
Truist Securities paid $59. 4 million for the garage of a domestic food distributor in Medley.
An entity controlled through Allison Mcleod, a leading executive at the Atlanta-based investment banking firm, acquired the 178,000-square-foot warehouse at 7600 Northwest 82nd Place, records show. Led by CEO John Gregg, Truist Securities is from Charlotte. Financial Truist.
Coral Gables-based Quirch Foods sold the assets under a lease-based lease for approximately $333 per square foot.
Max La Cava and Brian Shanfeld led a JLL team that represented Quirch Foods, according to a press release. Construction on the 15-acre site was completed in 2001, records show.
Nationally, investors’ appetite for bloodshed garage services is growing, according to a June report via CBRE. Nearly 40 percent of respondents to an investor survey are looking for blood-free retail stores this year, up from 22 percent last year, CBRE found.
Freezing warehouses are rare in South Florida due to the shortage of bloodless garage services in a context of high demand for such constant services. In May, Vertical Cold Storage, in North Sioux City, Iowa, paid $66 million, or $240 depending on square feet, for a Medley frozen warehouse covering nearly 275,000 square feet.
In December, Acme Smoked Fish Group acquired a bloodless food processing plant and garage in Pompano Beach for $15. 8 million. Acme paid about $366 per foot for the 43,000-foot building.
© Copyright 2022 The Real Deal is a registered trademark of Korangy Publishing Inc.
The Real Deal newsletters give you scoops, new titles, marketing data, and things you need to know about the industry.