Seagis gains 115,000 square feet in Florida

Continues expansion across Miami

Seagis Property Group recently acquired a two-building, 115,000-square-foot office/warehouse complex in Miami. The value of the transaction was approximately $11.5 million. The properties are located in the Miami Lakes Commerce Park at 14240-14300 Palmetto Frontage Road, and were constructed in 2002. The buildings were 100 percent leased on a multitenant basis at the time of sale. The company said it now owns 18 buildings in Miami totaling approximately 1.4 million square feet. West Conshohocken, Pa.-based Seagis Property Group LP owns and operates industrial buildings in locations along the Eastern Seaboard. ...