MIAMI—Terreno Realty just snapped up another industrial property. Terreno, which owns and operates industrial real testate in six major coastal US markets, paid Canaan Trading $8.9 million for the asset at 11205 NW 131st Street in Medley, FL.
CBRE vice president Devin White represented the buyer. CBRE senior vice president David Albert and associate Andrew Lehrer assisted in the transaction.
“With Doral buildings getting priced out for most investors, Medley has become a clear pursuit for the institutional-quality assets,” says White. “This deal took over a year to put together and it is a testament to Terreno's dedication to continued growth in Miami.”
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