Hersh Equity Group Acquires Industrial Portfolio In Miami And Port St. Lucie For $16.85M

An eight-building industrial portfolio located in Port St. Lucie and Miami was acquired for $16,850,000. The total square footage of the portfolio is 118,500, resulting in a price per square foot of $142. The addresses involved in this transaction are 1592 Southeast Village Green Drive, 1634 Southeast Village Green Drive, 1670 Southeast Village Green Drive, 3908 Northwest 32nd Avenue, and 1360 Southeast Huffman Road.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,850,000
• Buyer: Juda Hersh, Jake Stauber, Corey Schwartz & Steven Ginsberg - Hersh Equity Group
• Seller: Linda Viviano
• Attorney: Adam Weiss
• Total Square Footage: 118,500
• Price per Square Foot: $142
• Market: Port St. Lucie & Miami

Hersh Equity Group announced that this acquisition signifies a strategic off-market transaction contributing to their expansion in Florida’s growing industrial sectors. Following this deal, their portfolio now exceeds 900,000 square feet and $150 million in assets under management. The team expressed gratitude to their investors, lenders, and partners for their support in successfully closing this complex transaction.