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Hialeah Rail Yards Taps Intermodal Trend

MIAMI—Square Mile Capital just invested big in the rail yard and intermodal center. Find out why.

By Jennifer LeClaire | Updated on April 01, 2015

MIAMI—Square Mile Capital Management originated a $26.25 million mezzanine loan against Hialeah Rail Yards in Miami. Hialeah Rail Yards is a 228-acre rail yard and intermodal center next to the Miami International Airport.

Florida East Coast Industries, an affiliate of Fortress Investment Group, owns the Hialeah Rail Yard. It is subject to a 99-year lease to Florida East Coast Railway. The mezzanine loan is part of a $75 million financing on the property.

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