Florida East Coast Industries adds two warehouses to Countyline Corporate Park in Hialeah after receiving a $ 32.8 million home loan.
Miami-based FECI secured funding for Buildings 27 and 28 at 4181 and 4241 West 108th Streets of Wells Fargo. It told Miami-Dade County that construction is starting, according to records.
Each warehouse will be 200,907 square feet as records show.
According to a brochure from Flagler Global Logistics, a FECI subsidiary and supply chain company, the master-planned Countyline Corporate Park spans 95 acres from Northwest 154th Street north to 170th Street and Northwest 107th Avenue east to 97th Avenue.
It is considered one of the largest industrial parks in Miami-Dade. Tenants include Boeing Distribution Services, Nearly Natural artificial plants supplier, and CGI Windows & Doors.
FECI, of which Kolleen Cobb is Chief Administrative Officer and General Counsel, has sold portions of Countyline over the past several years. It sold two warehouses at 4021 and 4071 West 108th Street for $ 50 million to San Francisco-based Terreno Realty in April; and it sold two warehouses and lots near 4040 West 108th Street in January for $ 184.4 million to CenterPoint Properties Trust, based in Oakbrook, Illinois.
In 2019, Indianapolis-based Duke Realty purchased a warehouse at 3840 West 104th Street in Hialeah for $ 34.4 million.