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AMB Invests Another $21M in Gratigny

MIAMI-The San Francisco-based industrial buyer adds a 234,000-sf fully leased property, taking its total stake in this submarket to 1.4 million sf.

By Marita Thomas | Updated on July 18, 2007

(Read more on the industrial market.)

MIAMI-AMB Property LP has acquired the industrial property at 3301 NW 125th St. for nearly $21.1 million. It consists of a 234,000-sf main building, a 7,500-sf truck maintenance facility and five acres for trailer storage.

It is currently 100% leased to Gordon Food Service. The seller, Sternlieb Holdings LP, is an entity of the Sternlieb family and the original owner of the property. Sternlieb founded Henry Lee Foods and retained the asset after selling its company to Gordon.

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