Brightline parent company sells industrial site to JPMorgan subsidiary

The warehouse is part of the South Florida Logistics Center in Miami

TRD MIAMI /
Nov.November 21, 2018 02:30 PM

South Florida Logistics Center

Florida East Coast Industries just sold a warehouse near Miami International Airport for $31.1 million to a subsidiary of JPMorgan Asset Management.

Coral Gables-based FECI, the parent company of the high-speed passenger rail Brightline, sold the 9.2-acre property at 3200 Northwest 67th Avenue for $3.4 million per acre, property records show. The warehouse is part of the South Florida Logistics Center, a master-planned business park with 2 million square feet of Class-A warehouse and distribution facilities.

The South Florida Logistics Center has a direct connection to Miami International Airport, according to a brochure about the development.

FECI is backed by the investment management firm Fortress Investment Group, which has more than $6 billion of equity invested in real estate, transportation and infrastructure assets and more than $46 billion assets under management, according to FECI’s website.

FECI has a substantial real estate portfolio in South Florida, including MiamiCentral near downtown, a 3-million-square-foot, mixed-use project that will include apartments, retail, offices.


Related Articles

arrow_forward_ios
Parkline at MiamiCentral (Credit: Suffolk, iStock)

Suffolk fights back against developer over MiamiCentral delays

This vitamin maker sells off Pompano Beach warehouse after layoffs

This vitamin maker sells off Pompano Beach warehouse after layoffs

Steven E. McCraney, President & CEO McCraney Property Company with the land

McCraney, partner pick up land in tight Boca Raton industrial market

Panattoni Development Company’s Carl Panattoni, Gratigny Logistics Park

Panattoni drops $24M to build new industrial project near Opa-locka

1000 Park Centre Boulevard, Joe Le Bas

Miami Gardens commercial site sells for $19M

Paul Ellis

Foundry Commercial bought an 18-acre site in Hialeah Gardens, plans industrial project

First Industrial Realty Trust CEO Peter E. Baccile, 1001 Northwest 12th Terrace and 1021 Northwest 12th Terrace in Pompano Beach (Credit: Google Maps)

First Industrial Realty picks up two properties in Pompano Beach

Brookfield Property Group’s Brian Kingston and 3400 Northwest 74th Avenue (Credit: Google Maps)

Brookfield picks up more industrial properties near MIA for $83M

arrow_forward_ios