Getting your Trinity Audio player ready... 1 of 2

Hersh Equity Group (HEG), a family-owned real estate investment firm and one of the most active small-bay industrial buyers in Florida, has acquired an eight-building, 118,500-square-foot portfolio spanning Miami and Port St. Lucie for $16.85 million ($142 per square foot). The deal comes just weeks after the $47.25 million purchase of a 230,000-square-foot small bay portfolio in the West Park/Hollywood submarket. The acquisitions, which together total more than $64 million, continue the firm’s statewide expansion strategy, boosting its industrial holdings to more than 900,000 square feet and more than $150 million in assets under management.

The portfolio includes approximately 70 units and 50 tenants across CBS-constructed buil

See Full Page