Seagis gains 160,000 square feet

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.