Seagis gains 160,000 square feet

Continues Miami-area expansion

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Seagis Property Group boosted its Miami portfolio with the purchase of a four-building, 160,000-square-foot office/warehouse complex for $12 million. The properties are located in the Miami Lakes Industrial Park at 5800 East Miami Lakes Drive, and were 94 percent leased on a multitenant basis at the time of purchase. This latest purchase increases Seagis' Miami holdings to 23 buildings comprising 1.8 million square feet, according to a press statement. West Conshohocken, Pa.-based Seagis Property Group LP owns and operates industrial buildings along the Eastern Seaboard. ...