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Boca Investors Buy Two FedEx Facilities

MIAMI-FX Properties has acquired two sorting/distribution facilities from FX Properties Ltd. for $3.6 million, or about $60 per sf. Although buyer and seller are locally based, they are not affiliated.

By David R. Corder | Updated on October 16, 2001

MIAMI-FX Properties has acquired two sorting-and-distribution facilities that are solely leased to Federal Express in a deal valued at $3.6 million, or $60 per sf.

The Boca Raton-based investment group, led by Samuel Leder, bought two properties–containing a total of 60,000 sf at 15601 W. Dixie Hwy. in North Miami Beach and 14101 SW 119th Ave. The seller was Boca Raton-based FX Properties Limited Partnership, an unaffiliated company led by Gerald Goray and Alan Ziegelman.

Goray and Ziegelman retained West Palm Beach, FL-based RJS Realty Group to negotiate the sale with brokers Bob Sullivan and Mack Gaither handling the transaction.

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