TA Realty buys Hialeah Gardens warehouse for $26M

154K sf property was built in 2019

Miami /
Apr.April 19, 2021 02:30 PM
EverWest CEO Rick Stone and TA Realty Managing Partner James Buckingham with 14001 Northwest 112th Avenue (Google Maps)

EverWest CEO Rick Stone and TA Realty Managing Partner James Buckingham with 14001 Northwest 112th Avenue (Google Maps)

TA Realty bought a Hialeah Gardens warehouse for $25.8 million, amid pent-up market demand in light of e-commerce growth.

Records show Boston-based TA Realty, through an affiliate, bought the property at 14001 Northwest 112th Avenue from EWA Hialeah Gardens Owner, which is tied to Denver-based EverWest Real Estate Investors.

CBRE’s Jose Lobon and Christian Lee represented the seller.

The building totals 154,121 square feet on 10 acres, according to records. EverWest developed the facility in 2019, after buying the land in 2017 for $5.9 million, a deed shows.

EverWest, led by Rick Stone, is a real estate investor, developer and manager, according to its website. Founded in 2013, EverWest previously was called Alliance Commercial Partners. In 2018, it became a subsidiary of Toronto-based global real estate investment adviser GWL Realty Advisors and is its U.S. investment platform.

TA Realty, whose managing partners are James Buckingham, Michael Haggerty and James Raisides, is one of the biggest real estate investors in the U.S., having invested in or managed more than $30 billion worth of properties since its founding in 1982, according to its website. It has bought more than 1,000 office, multifamily and retail properties, although it heavily focuses on industrial.

In December, TA Realty paid $52 million to buy back pieces of a Hialeah industrial portfolio it had previously sold in 2017 and 2018. The assemblage is at and near 2500 West 84th Street, 1604 West 31st Place and 2440 West Eighth Court.

Overall, the Miami-Dade County industrial market has thrived over the past year, as 1 million square feet of space was leased in the first quarter to e-commerce tenants, according to JLL. That represents half of the e-commerce demand for all of 2020.

EverWest also has been getting in on the hot industrial market, as in October it bought a warehouse at 1101 East 33rd Street in Hialeah for $13.1 million.

Ivy Realty also just bought a Miami-Dade warehouse at 6950 Northwest 77th Court northwest of Miami International Airport for $26 million. The seller, The Apollo Group, which provides logistics to cruise lines, will continue to fully lease the facility for its headquarters.






    Related Articles

    arrow_forward_ios
    FECI's Kolleen Cobb with Countyline Corporate Park and the new sites at 4181 and 4241 West 108th Street (Google Maps)
    FECI plans Countyline Corporate Park expansion with $33M construction loan
    FECI plans Countyline Corporate Park expansion with $33M construction loan
    Andres Isaias and Alejandro Diaz-Bazan with 6385 Pinetree Drive Circle, Miami Beach (Google Maps)
    Andian Group buys waterfront Miami Beach estate for $19M
    Andian Group buys waterfront Miami Beach estate for $19M
    Arbor Management Acquisition Company heads Ivan Kaufman and Maurice Kaufman with a rendering of Aventura Park (Anillo Toledo Lopez, iStock)
    Arbor Management buys multifamily dev site near Aventura for $10M
    Arbor Management buys multifamily dev site near Aventura for $10M
    Christoph Westphal and Oceana Key Biscayne (Google Maps)
    Biotech venture capitalist spends $18M on Key Biscayne penthouse
    Biotech venture capitalist spends $18M on Key Biscayne penthouse
    830 Brickell and 401 E Las Olas Blvd (Google Maps)
    Lease roundup: Thoma Bravo signs major lease in Brickell & more
    Lease roundup: Thoma Bravo signs major lease in Brickell & more
    Arnaud Karsenti and 5485 Hammock Drive, Coral Gables (Google Maps)
    Arnaud Karsenti sells lakefront Coral Gables home for $9M
    Arnaud Karsenti sells lakefront Coral Gables home for $9M
    Orhan Kilic and 1101 North Venetian Drive. (Kilic Seafood, Berkshire Hathaway Home Services)
    Turkish aquaculture magnate sells his waterfront Venetian Islands teardown for $6M
    Turkish aquaculture magnate sells his waterfront Venetian Islands teardown for $6M
    Eddie Irvine and his Hibiscus Island home. (Getty, Compass)
    Eddie Irvine drops $11M for waterfront Hibiscus Island home, plans renovation
    Eddie Irvine drops $11M for waterfront Hibiscus Island home, plans renovation
    arrow_forward_ios

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

    Loading...