Florida IOS Market Moves: September 1 - 24
Florida's IOS market stayed active in September with acquisitions, dispositions, financing, and leasing all making headlines across the state's key logistics markets.
Florida IOS Market Moves: September 1 - 24
The Florida IOS market has been nothing short of active this September, with acquisitions, dispositions, financing, and leasing all making headlines. Here’s a full roundup of the key transactions and the dealmakers who made them happen.
Major Acquisitions Dalfen Goes Big in Miami Metro - Transaction: Dalfen Industrial acquired 7.03 acres across 375 Northwest 9th Avenue and 1001 Old Griffin Road in Dania Beach for $13M. - Property: Two industrial buildings totaling 15,000 SF. - Dalfen Team: Sean Dalfen, Tyler McElroy, Chris Segrest. - Brokers: Eli Havlik, Tom O’Loughlin, Larry Genet, and Michael Oretsky with CBRE.
Alterra Expands in Sarasota - Transaction: Alterra IOS bought 11.75 acres at 7405 286th Street Court E in Sarasota, FL. - Property: 34,000 SF of building improvements. - Alterra Team: Chris White, Morgan Specht. - Brokers: Robbie Lober and Devin Beeler with Lober Real Estate.
Bay Street Capital Plants a Flag in Tampa - Transaction: Bay Street Capital, with partner Beerock Holdings, acquired 1.2 acres at 11302 North Nebraska Avenue for $1.55M. - Property: 9,034 SF building, leased to Royce Bravo Security. - Bay Street Team: Joe Buonopane, Matthew Wiener, Jeremy Stenberg. - Beerock Team: Benjamin Meland. - Brokers: Pablo Vignolo & Raul Pino (Hype Real Estate Group) repped Bay Street; Matthew Martinez (Hype) repped the seller.
Everwood Closes $10.25M Tampa-Area Deal - Transaction: Everwood Real Estate Partners acquired 14 acres at 14159-14201 Black Lake Road in Odessa, FL for $10.25M. - Property: 10,934 SF building, fully leased. - Everwood Team: William Peeples. - Brokers: Peter Cecora & Olivia Brock with JLL repped Everwood.
COARE Industrial Enters Jacksonville - Transaction: COARE Industrial acquired 2.87 acres at 321 Lane Avenue North in Jacksonville. - Property: 12,268 SF low-coverage warehouse. - COARE Team: Stephen Barry, Hansel Rodriguez. - Brokers: Michael Cassidy & Eric Bumgarner with Colliers (now marketing for lease).
Key Dispositions Bounat Sells 30 Acres in DeBary for $12.275M - Transaction: Boutique National (Bounat) sold 311 Benson Junction Road to Strategic Real Estate Partners. - Property: 30 acres, 13,450 SF industrial space, active CSX rail spur; formerly a concrete plant. - Bounat Team: Michael Farley, Nick Ganey. - Brokerage Role: Represented both seller & buyer. - Additional Note: Derek Riggleman with Lee & Associates is now marketing the property for lease.
EML Realty Turns Quick Profit on Treasure Coast - Transaction: EML Realty Partners sold 4.2 acres at 309 Angle Road in Fort Pierce to Inkas Group for $4.9M. - Property: 30,060 SF warehouse. Purchased by EML in August 2023 for $2.85M. - EML Team: Lance Aker, Sophia Anzalone, Kevin Tehan, Gregory Dormitzer, Claudia Duarte. - Broker: Rob Steiner with Frankel-Ball Realty repped EML.