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JLL closes 50,000-sf Miami warehouse deal for $5M

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A 50,000-square-foot Miami warehouse has sold for $5.1 million to a publicly-traded real estate investment trust called Terreno Realty, according to a press release today from Jones Lang LaSalle, which represented the seller, Miami-based LMS Realty. The industrial property is located at 12600 NW 107th Avenue and sits on 5.5 acres of land in Miami-Dade’s Medley submarket. The property is currently occupied by CaribTrans, a Caribbean shipping company. LMS was represented by JLL managing director [more]

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