fbpx

Easton Group and LBA Logistics Acquire Hialeah Development Site for Nearly $30 Million

The Easton Group and LBA Logistics recently closed on a $29.4 million acquisition of a 26.44-acre development site in Hialeah. The joint venture at 4220 West 91st Place was the partners’ third South Florida real estate deal.

Easton, a commercial real estate firm, has submitted plans to the city to build two warehouse/distribution facilities totaling 462,954 square feet with 36-foot clear heights. The site plan also calls for 124 trailer stalls and 407 parking spaces. Construction of the new warehouse is expected to start towards the end of 2022 and take at least a year to finish. Easton and LBA are also partnering on a 266,760-square-foot warehouse development in Hialeah Gardens, which should be delivered in the second quarter of 2022.

“Our most recent deal in Hialeah is an important piece to the puzzle for our partnership with LBA as we now control over 40 acres in this submarket,” Dalton Easton says, an associate with The Easton Group. “Our two developments will feature over 725,000 square feet of Class A product with 200 trailer stalls, 615 parking spaces and 36-foot clear heights.”

In September 2021, the Easton Group joint ventured with LBA to acquire a 105,365-square-foot warehouse in Doral at 9880 NW 25th Street. The California-based company has been pushing into Florida to take advantage of the growth, including the Hialeah Gardens development and another 127,150-square-foot warehouse under construction at International Corporate Park (ICP) in Doral.

“In my nearly 50 years of developing and investing in industrial real estate, this is one of the busiest cycles I have ever lived through,” Edward W. Easton says, founder and Chairman of The Easton Group. “Demand is as strong as I have ever seen it. With vacancies dropping and rents climbing, I do not see this upward trend slowing any time in the near future.”  

You May Also Like

Coral Gables Loews Hotel Hosts Annual Mayor’s Ball in Support of League Against Cancer and Coral Gables Foundation

The 2nd Annual Mayor’s Ball was recently held at the Coral Gables Loews Hotel to raise funds for the League Against Cancer and The Coral Gables Community Foundation. The event was

Friends of Jack & Jill Center Hosts Annual Winter Carnival

The fun-filled community event aims to raise much-needed funds for children and families in need.

Battier Take Charge Foundation Hosts Annual Fundraiser

The event will feature wine tasting, finner and karaoke to raise funds for college scholarships.

Gulfstream Park Hosts 2024 Pegasus World Cup Racing Championship

The 2024 Pegasus World Cup will make its highly anticipated return to Gulfstream Park on Jan. 27. Organized by 1/ST, the event is known for attracting world-class Thoroughbred racehorses, A-list celebrity attendees,

Other Posts

BBX Capital and Neighbors 4 Neighbors Partner to Adopt Families With Children Battling Cancer

Over 90 families were treated to a special day of festivities.

Sunshine Provisions Plans for Further Growth in Florida

The South Florida-grown purveyor of premium meats and gourmet goods was established in 2015.

Jewish Federation of South Palm Beach County Hosts Chanukah Celebration

PJ Library in South Palm Beach County organized a splendid Chanukah celebration on the seventh night of Chanukah. The event, which was open to the community, provided families with an

BBX Capital Inc. Donates $150,000 to Habitat for Humanity of Broward to Bolster Community Development Efforts

The funds will go towards building townhomes in Coral Springs.

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.