Flagler Global Logistics bought an 8.6-acre vacant lot for $6.7 million near Triple Five Group’s planned American Dream Miami.
The Miami-based company bought the property known as the Turnpike Transfer at the southwest corner of Northwest 170th Street and Northwest 97th Avenue for $779,069 per acre. The seller is Turnpike Transfer, LLC, which is managed by Albert Luer of Hialeah.
Cushman & Wakefield’s Wayne Ramoski, Gian Rodriguez and Miguel Alcivar represented the seller Turnpike Transfer, LLC in the deal.
FGL owns about 500 acres of land bordering the property where it is developing Countyline Corporate Park. The master-planned business park will have 8 million square feet of Class A warehouses as well as office and industrial space. Aircraft services company KLX Aerospace Solutions’ new headquarters will be located at the corporate park.
The newly purchased property could be divided into a number of parcels. Its flexible zoning allows for a variety of uses including commercial, office, retail, industrial and hospitality, according it a press release.
It was last purchased for about $1 million in 2002, records show.
Turnpike Transfer also sits near the planned American Dream Miami project. The mega-mall is planned to have 3.5 million square feet of retail space, a massive theme park and 2,000 hotel rooms. Its plans also include a 16-story ski slope, a 20-slide waterpark, and a 14-screen 3D movie theater, among other entertainment facilities. It could be the largest mall in the U.S when completed.