The Real Deal Miami

Medley industrial building revamped as mixed-use

Go-cart operation now anchors Megacenter Palmetto property

February 05, 2014 10:30AM

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Megacenter Palmetto in Medley

Megacenter Palmetto in Medley

The former Regal Kitchens industrial facility in Medley has been repositioned as a mixed-use building anchored by a K1 Speed go-cart racing operation.

Completely vacant five months ago, the 8600 Northwest South River Drive building owner is now known as Megacenter Palmetto and is 75 percent leased, according to Colliers International South Florida, which represented the building owner in the repositioning. K1 Speed is set to occupy more than 82,000 square feet when the improvements are completed by April 1. Kitchen fixture retailer Dax International Brokers has signed a lease for a 19,500-square-foot showroom at the property.

A group of Chilean investors acquired the property in January 2013. Megacenter also has 30,000 square feet of self-storage units and 80 executive office units that should be ready for occupancy next month.

Colliers director of industrial services Mort Fetterolf and industrial associate Erin Dee represented the ownership in repositioning the property. — Eric Kalis

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