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The Midpoint Miami Logistics Park development can be a built-to-suit facility for a large single-tenant user or a two-building industrial park for medium to large users.
The property at 225 Indian Creek in the heart of Mid-Miami Beach was sold by SMS Lodging, which is owned and managed by the Arnoldsson family, and R^2 Companies.
Denholtz Properties, which has a portfolio of office, industrial and retail space in New Jersey, Pennsylvania and Florida, also announced the sale of a parcel of land adjacent to its 1000 N. Ashley Avenue office building in Downtown Tampa to Mill Creek of Boca Raton, FL.
ArborCrowd seeks to raise $5.15 million from investors for the remaining equity, which has been pre-funded into the project by an affiliate of ArborCrowd. The sponsor broke ground on the development in April, and construction is expected to be completed towards the end of 2020.
The National Transportation Safety Board examined the role of each contractor in the construction of the pedestrian bridge at Florida International University that collapsed March 15, 2018, onto eight cars.