Four of the single-story, class B industrial buildings are part of Americas' Gateway Park, while the remaining two are part of Expressway Industrial Park. A spokesman for LaSalle Investment Management said he could not disclose names of tenants in the buildings, which were built between 1978 and 1982.
"We've had a very positive experience in Miami and intend to pursue additional investment opportunities in South Florida," Dann Thomasson, senior vice president of LaSalle Investment Management Inc. and chief investment officer of CalEast Industrial Investors, says in a statement.
CalEast Industrial Investors is a joint venture between LaSalle Investment Management and CalPERS. CalEast owns and manages 33 million sf of industrial real estate in the eastern US. Laurence C. Harris, vice president of LaSalle Investment Management, is the asset manager for the buildings. LaSalle Investment Management is a member of the publicly traded Jones Lang LaSalle group and a global real estate investment manager, managing $20.5 billion in assets.
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