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Brookfield affiliate buys Miami-Dade County, Fla., warehouse for $83M

A Brookfield Property Group affiliate purchased the Palmetto Distribution Facility warehouse in Miami-Dade County, Fla., for $82.9 million, the South Florida Business Journal reported.

Midcap 18 LLC sold the property, which counts Flora Logistics among its tenants and comprises six industrial condos encompassing 412,844 square feet at 3400 NW 74th Ave., the publication noted, adding that Brookfield also purchased a neighboring warehouse for $19.5 million.