Duke Realty spends $80m in Florida on 676,835 sqf of Hialeah Gardens sheds

A trio of new warehouses in Hialeah Gardens has been acquired by Indianapolis-based Duke Realty for $79.97 million. The purchase, Crossroads East buildings, is located at 15002 and 14802 Northwest 146th Street and its Crossroads South building at 10701 Northwest 140th Street. The 676,835 square foot facility, which changed hands for just over $118 per sqf, was developed and sold by Bridge Development Partners. CBRE’s Chris Riley, Christian Lee and José Lobón represented Chicago-based industrial developer during the sale. Duke Realty, an industrial real estate investment trust, also owns properties in Pompano Beach, Pembroke Pines and West Palm Beach.