Seagis makes Florida industrial purchase

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Seagis Property Group has acquired two industrial buildings totaling 121,250 square feet at 57 N.E. 179th St. in Miami, Fla. The value of the transaction was $5.7 million. The buildings are pre-cast concrete construction, and have 28-foot clear ceiling heights. The property is rail-served, and is located within one mile of Interstate 95 and the Florida Turnpike. At the time of sale, the buildings were leased on a multitenant basis at 85 percent occupancy. Seagis Property Group LP owns and operates industrial buildings in logistically driven locations along the Eastern Seaboard. *** What's your opinion? Send your Letter to the Editor to