PepsiCo's former headquarters and distribution facility in Doral traded for $55 million amid a hot Miami-Dade County industrial market fueled in part by e-commerce growth.
Former co-owners, Miami-based Terra and Miami Beach-based Terranova Corp., sold the property just off the Palmetto Expressway to a group linked to California-based logistics real estate investor, GLP Capital Partners.
The buyer is listed in a Miami-Dade deed record as Park 7777 NW 41st Street Owner LLC, which lists the same address as GCP.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
