MIAMI, June 17, 2022 -JLL Capital Markets announced today that it has closed the forward sale of two Class A industrial distribution buildings within Countyline Corporate Park totaling 574,752 square feet in the South Florida city of Hialeah in Miami-Dade County.

JLL marketed the property on behalf of the seller Flagler Global Logistics, a subsidiary of Florida East Coast Industries, LLC. An Ares Management Real Estate fund acquired the assets.

The two assets are Building 18 and 22 within Countyline Corporate Park, an 8.5 million-square-foot, master-planned business park in Hialeah developed by the seller. Once completed in the second quarter of 2023, Building 18 will be a 360,845-square-foot build-to-suit cold storage facility. Building 22 will be 213,907 square feet and feature a rear-load configuration, 32-foot clear heights and will be completed in the second half of 2022.

The JLL Industrial Capital Markets Investment Sales and Advisory team that represented the seller was led byManaging Director Luis Castillo, Senior Managing Director John Huguenard and Director Cody Brais.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Inc. published this content on 17 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2022 15:04:02 UTC.