Seagis expands South Florida portfolio

Buys multibuilding business park

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Seagis Property Group this week announced it acquired a 278,000-square-foot office/warehouse park in Miramar, Fla., for $36.1 million. The complex, which is known as the Flamingo Park of Commerce, includes seven buildings and was 95 percent leased on a multitenant basis at the time of purchase. The acquisition increases the Pennsylvania-based company's Dade and Broward County holdings to 37 buildings, totaling more than 2.4 million square feet. The identity of the seller was not disclosed. ...