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Palmetto Lakes Trades as New Industrial Rises From Dirt

MIAMI-Older industrial facilities are trading while developers hurry to bring new warehouse and distribution centers to market.

By Jennifer LeClaire | Updated on August 21, 2012

(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 – 6.)

MIAMI—A group of Tampa-based investors is cashing out of its Miami Gardens industrial asset. JDRP Associates sold its Palmetto Lakes Distribution Center to Miami-based Caribbean Investments for $4.4 million.   Located at 4760 NW 165th Street just north of the Opa Locka Airport within the Palmetto Lakes Industrial Park, the Palmetto Lakes Distribution Center building is a dock-high industrial property built in 1978. 

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