The seller of the land, located on the northwest quadrant of Interstate 75 and Miramar Parkway, was Country Lakes LP. The sale price was between $18 million and $19 million.
This purchase is IDI's second recent purchase in the area. In October, the company bought two vacant buildings at that site, says Dick Levinson, a broker involved in the deal. Together, IDI's two purchases there total 77 acres.
"This is a major interchange. It's a prime distribution [area]," Levinson tells GlobeSt.com.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
