Seagis Buys 222,700-SF Asset for Nearly $13M

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MIAMI-West Conshohocken, PA-based Seagis Property Group has acquired the two-building, 222,700-sf Palmetto Business Center for $12.9 million. The asset was 92% leased at sale time.

The buildings are located on 7.93 acres at 6700 NW 77th Court and 7801-21 NW 67th St. in an unincorporated section of Miami-Dade County north of Doral and south of Medley. The buildings front the Palmetto Expressway or Route 826. “The property is a highly functional building in a great location and it complements our other properties in the area,” Seagis Property Group principal Charles Lee tells GlobeSt.com. With the takeover is a new name, Palmetto Trade Center.