We are pleased to announce the sale of 28 acres located within The Homestead Park of Commerce in south Miami-Dade County. The closing price was $10,900,000. (There was also an additional, non-disclosed assignment fee). The Buyer is EastGroup Properties, Inc. (NYSE: EGP), a S&P Mid-Cap 400 Company who is a self-administered equity real estate…
October 2020 – ComReal is proud to announce the sale of +/- 117 acres within The Homestead Park of Commerce in South Dade and welcome Copart USA to the City of Homestead! The sales price was $34,746,716. Copart was represented by the ComReal team including Ed Redlich, Ron Redlich, Chris Spear, Edison Vasquez, Mort Fetterolf…
March 4, 2020 RE: Copart USA Offers Great Opportunity for the City of Homestead to Show the Business Community They Are Open For Business Residents of Homestead, I would like to thank the Honorable Mayor and Council Members for their diligence in the consideration of the Copart USA application for their proposed outside storage…
Sold! Edward Redlich, SIOR, CCIM with ComReal announces the sale of 3790 Alex Muxo Boulevard in Homestead, Florida. The 64,019 sq. ft. warehouse is located within the Homestead Park of Commerce. The sales price was $6,050,000 or about $94 per sq. ft. The seller was Anaga International and the buyer is Trading Unlimited. The property…
South Dade: South Florida’s Frontier for Premier Business and Lifestyle It’s hard to deny the increasingly high rate at which South Florida is exploding in industry and population. With a prime geographic location that is easily accessible from domestic as well as international hubs in Europe, South and Central America, the Caribbean, and even Asia,…
April 2016 – Ed Redlich and Chris Spear with ComReal Miami have successfully sold 14.7 acres in the Homestead Park of Commerce in Homestead, Florida. The seller was Homestead Park, LLC represented by ComReal and the new owner is Dunham-Bush USA, LLC who was represented by Grove Properties. The sales price was $3,100,000 or about…
2015 was a record breaking year for Miami’s industrial real estate market. Lease rates now average $9.01 per sq. ft. and sales prices average $95.94 per sq. ft. Neither stat has ever been higher. Positive absorption was a very impressive 3.9M sq. ft. bringing our overall occupancy up to over 95% (the vacancy rate is…
Miami now has a new foreign trade zone (FTZ) thanks to the U.S. States Department of Commerce. FTZ #281 will be licensed by Port Miami and will cover a significant portion of Miami-Dade County. Commercial properties within the Miami FTZ can obtain the foreign trade zone status via the Alternative Site Framework (ASF). For more information and/or to…