Northwood Investors acquired a distribution warehouse in Doral for $46.5 million as part of a three-building portfolio deal. UBS Realty Investors sold the 201,827-square-foot warehouse at 10000 N.W. 15th Terrace to Northwood Investors for $230 per square foot. The warehouse last traded for $26 million in 2012. The other two properties were in Baytown, Texas and Braselton, Georgia. The fully leased portfolio added up to 1.8 million square feet. Sunbelt Logistics was the seller. Apollo provided a $97 million mortgage for the three properties from JLL’s Bobby Norwood. The deal was brokered by JLL’s Britton Burdette, Trent Agnew and Luis Castillon.
It was completed on the 12-acre site in 2000. Its main tenant is the headquarters of Monat Global, a hair and skincare products company.
Northwood is a vertically-integrated real estate company that owns and manages properties across the U.S. and Europe.
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