MDH Partners buys Liberty City warehouse

Deal marks the firm’s first in Miami

TRD MIAMI /
Dec.December 19, 2019 02:30 PM
1350 Northwest 74th Street and Andy Charry (Credit: Google Maps)

1350 Northwest 74th Street and Andy Charry (Credit: Google Maps)

An Atlanta-based industrial investment group paid $8.9 million for a warehouse west of Little Haiti in Liberty City.

MDH Partners’ affiliate MDH F1 Miami NW 74 LLC closed on the 102,000-square-foot building at 1350 Northwest 74th Street in Miami. Property records show G&G Real Estate Investments LC sold the building.

The deal is the first for MDH in Miami. The investment and development firm, founded by Jeffrey Small and Michael Pelt in 2005, has acquired more than 14 million square feet of space in 15 cities, according to its website.

Andy Charry of Apex Capital Realty represented the buyer and Ricardo Grinberg represented the seller. Charry declined to comment on the buyer’s identity, but said the buyer plans to make some improvements and break up portions of the warehouse for multiple tenants.

JLL will handle commercial leasing.

Charry said there’s substantial demand for properties closer to the urban core. “A lot of tenants are being pushed out of Allapattah,” he said. “From a location perspective, [the warehouse] is situated pretty good.”

The building sits on a 3.5-acre lot and was built in 1955.

Nearby, Avra Jain and David Martin have plans for a 95,000-square-foot flex warehouse development across from Miami Northwestern Senior High School.


Related Articles

arrow_forward_ios
1000 Southeast 8th Street, Andrew Gurewitsch and Harry Weisman and Barry Katz

Duty Free Americas owner will have to pay taxes on this sale

690 Northwest 13 Street and Francisco Martínez-Celeiro (Credit: Google Maps, Wikipedia)

The final act: Spaghetti western star sells Overtown warehouse for $10M

Rendering of Bridge Point 595 and Kevin Carroll

Bridge Development nabs $60M loan for Davie industrial project

3208 Northwest 72 Avenue and Blackstone CEO Stephen Schwarzman (Credit: Google Maps and Getty Images)

Blackstone buys industrial portfolio near Miami airport for $56M

Public Storage CEO Ronald Havner (Credit: Twitter)

Public Storage picks up industrial portfolio in Miami-Dade for $63M

JPMorgan Chase Bank lends $36M for Pompano Beach industrial development

JPMorgan Chase Bank lends $36M for Pompano Beach industrial development

Trio of industrial buildings in Riviera Beach Opportunity Zone sell for $11.7M

Trio of industrial buildings in Riviera Beach Opportunity Zone sell for $11.7M

Google to invest $13B in real estate across the US

Google to invest $13B in real estate across the US

arrow_forward_ios
Loading...