search

The Real Deal Logo

Trending

Tides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealLA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsMicrosoft shedding office leases to save $1.5B a year in rentsMicrosoft shedding office leases to save $1.5B a year in rentsLandlords to Rent Board: The Bronx will burn againLandlords to Rent Board: The Bronx will burn again
South Florida

High Property buys Miami distribution center for $1.275M

High Property Group has purchased an 8,885-square-foot industrial building at 10825 Northwest 33rd Street in Miami from A de Q Holdings for $1.275 million, according to CB Richard Ellis, which represented the buyer in the transaction. High Group, a computer component distributor, plans to occupy the space.

“The purchaser… needed to expand their South Florida operations immediately,” said Devin White, vice president at CBRE’s the Miami office. “While many transactions in the market have been lateral moves, High Export’s requirement for additional space is just another example of the improving market conditions.”

Sign Up for the undefined Newsletter

The warehouse and distribution facility includes two stories of office space and a single-story warehouse.

White, and a team including Ronald Marrero and David Albert, represented the buyer along with the Katsikos Group. A de Q was represented by Flagler Real Estate Services. — Katherine Clarke

Tags
CBRE