Medley industrial building revamped as mixed-use

Miami /
Feb.February 05, 2014 10:30 AM

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


Related Articles

arrow_forward_ios
TA Realty Managing Partner James Buckingham and the industrial park at 9701-9793 Northwest 91st Court in Medley (TA Realty, CBRE)
TA Realty drops $241M for Medley industrial park
TA Realty drops $241M for Medley industrial park
Truist Securities' John Gregg with 7600 Northwest 82nd Place (Truist Securities, JLL)
Hot deal for cold storage: Truist buys, leases back Quirch Foods’ Medley site
Hot deal for cold storage: Truist buys, leases back Quirch Foods’ Medley site
Realterm Logistics CEO Robert Fordi and the vacant lot at the intersection of northwest 104th Street and northwest 95th Avenue (Realterm, Ferreira Construction)
Medley industrial site trades for 4x its 2017 price
Medley industrial site trades for 4x its 2017 price
Terreno Realty's W. Blake Baird with 8050 Northwest 90th Street (LinkedIn, Google Maps)
Lender sells foreclosed aviation maintenance site in Medley for $20M
Lender sells foreclosed aviation maintenance site in Medley for $20M
Miami City Self Storage's Steve Garchik, Jay Massirman and Megacenter Palmetto at 8600 Northwest South River Drive in Medley (Miami City Self Storage, Google Maps, SJM Partners)
Miami self-storage firm buys Medley industrial site for $38M
Miami self-storage firm buys Medley industrial site for $38M
Vertical's Curt Mastbergen with Medley freezer facility (Vertical Cold Storage, LoopNet)
Vertical Cold Storage buys Medley freezer facility for $66M
Vertical Cold Storage buys Medley freezer facility for $66M
Seagis' Bradlee Lord with 10900 Northwest 138th Street (Seagis Property Group, iStock)
Seagis doubles down in Medley, paying $24M for two industrial facilities
Seagis doubles down in Medley, paying $24M for two industrial facilities
Seagis Property Group's Bradlee Lord and 13399 Northwest 113th Avenue Road in Medley (Google Maps, Seagis)
Outdoor storage demand keeps on truckin’: Seagis pays $15M for trailer parking lot in Medley
Outdoor storage demand keeps on truckin’: Seagis pays $15M for trailer parking lot in Medley
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...