The Irvine, California-headquartered real estate investment company CIP Real Estate announced its acquisition of three industrial parks in Florida for a combined price of $66.45 million.
The acquired properties include a 26-acre industrial infill land Tampa, where ground has been broken on a planned 331,000 square feet, three-building complex, and a pair of sites in Miami’s Doral and Hialeah industrial submarkets consisting of two multi-tenant facilities with four small-bay industrial buildings totaling 156,200 square feet.
The acquisitions bring the company’s total footprint in Florida to approximately 2 million square feet. CIP Real Estate was represented in the transactions by CBRE’s Southeast mortgage broker team, led by Brian Linnihan and Taylor Crowder.
