TA Realty picks up warehouse in Hollywood

The price breaks down to about $139 psf

Miami /
Oct.October 09, 2017 03:30 PM

A company tied to TA Realty just picked up a food distribution center in Hollywood for $21 million.

Principal Global Investors, an Iowa-based company that has business interests in everything from insurance to securities, sold the 151,460-square-foot warehouse at 2800 Southwest 42nd Street to TA affiliate FHF 1 Port 95 LLC, records show. The price breaks down to about $139 per square foot.

CBRE’s Christian Lee, Chris Riley and José Lobón represented the seller. The warehouse was 100 percent leased to Great Health Works at the time of sale, according to press release.

The warehouse is was occupied by local food distributing company Prime Line Distributors. The company operates throughout the state of Florida and exports products to the Caribbean and Latin America, according to its website.

Built in 2000, the warehouse is within the Port 95 Commerce Center, a 230,036-square-foot commercial park. It sits on an 8.7-acre lot. A spokesperson for TA Realty was not immediately available for comment.

TA Realty, an investment manager headquartered in Boston, has been active on the acquisition side of real estate in South Florida. Last month, one of its affiliates paid $96.1 million for One Park Square, a Class A office building next to CityPlace Doral, marking one of the most expensive office sales to close in Doral. In March, it picked up a new distribution center in Davie for $22 million.


Related Articles

arrow_forward_ios
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
TA Realty sells Coral Gables office building to Mexican buyers for $25M
TA Realty sells Coral Gables office building to Mexican buyers for $25M
TA Realty sells Coral Gables office building to Mexican buyers for $25M
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
New York, Miami, Chicago, Los Angeles, San Francisco and Chicago (iStock)
As rent explodes nationally, Miami tops the charts
As rent explodes nationally, Miami tops the charts
TA Realty buys SofA apartments in Delray Beach for $83M
TA Realty buys Delray Beach apartments for $83M
TA Realty buys Delray Beach apartments for $83M
Alta Developers’ Raimundo Onetto in front of the development site (Google Maps)
Heading south: Alta buys dev site for apartment complex near Homestead
Heading south: Alta buys dev site for apartment complex near Homestead
arrow_forward_ios

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

Loading...