The Real Deal Miami

Ryder buys Flagler Station headquarters for $42M

Transportation firm gets nearly 250,000-square-foot building in large business park

April 30, 2014 11:15AM

  • Print
Ryder System headquarters at Flagler Station

Ryder System headquarters at Flagler Station

Transportation and logistics giant Ryder System plunked down $42 million to acquire its corporate headquarters at Miami’s Flagler Station, The Real Deal has learned.

Three Ryder companies purchased the 11690 Northwest 105th Street property on Thursday, according to Miami-Dade County records. No financing was recorded.

Coral Gables-based Flagler constructed the nearly 250,000-square-foot headquarters building on about 17 acres in 2005.

The property was most recently assessed at $26.1 million by Miami-Dade County’s property appraiser.

At 900 acres, Flagler Station is South Florida’s largest business park. — Eric Kalis

MENU