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11-BUILDING INDUSTRIAL PORTFOLIO IN MEDLEY SELLS FOR $59.85 MILLION

11-BUILDING INDUSTRIAL PORTFOLIO IN MEDLEY SELLS FOR $59.85 MILLION

Miami, FL – June 26, 2013 – (RealEstateRama) — CBRE arranged the sale of Medley West, a 846,651-square-foot industrial park located at 9000 NW 106th Street in Medley, Florida. The sale represents the largest industrial trade in Miami for more than a year. Lincoln Property Company, based in Chicago, purchased the industrial portfolio for $59,850,000, or $71 per square foot. CBRE’s Capital Markets Institutional Group, in conjunction with the leasing team of Americas Industrial Realty Corporation, represented the seller.