Miami, Feb 26 — Sagard Real Estate, a leading real estate investment advisor, announced the acquisition of a 186,731-square-foot Class A light manufacturing and headquarters facility located at 11102 NW South River Drive in Miami, Florida. This acquisition reflects the firm’s continued expansion of its industrial portfolio in high-growth markets across the United States.
Built in 2019 on approximately 9 acres, the three-building property is fully occupied by the seller, SeaVee Boats, an iconic South Florida brand celebrated globally for its world-class custom sportfishing vessels. At closing, SeaVee executed a long-term lease. The mission-critical headquarters and manufacturing facility features modern industrial specifications, including 27-foot clear heights, heavy three-phase power, ESFR sprinklers, conditioned warehouse space, and secured parking and yard areas.
The property is located in Medley, one of Miami-Dade County’s most sought-after industrial submarkets, offering direct frontage along Okeechobee Road and immediate access to the Florida Turnpike and Palmetto Expressway. The location provides strong connectivity to Miami International Airport and PortMiami, supporting long-term demand from manufacturing, distribution and specialized industrial users.
“Miami continues to be one of the most dynamic and supply-constrained industrial markets in the country,” said Matt DiVito, Director, Acquisitions at Sagard Real Estate. “This acquisition adds a newly constructed, mission-critical manufacturing facility in the premier Medley submarket, secured by a long-term lease with contractual rent growth. We believe the asset’s modern functionality and strategic infill location position it well within our expanding industrial portfolio.”
Miami remains one of the most supply-constrained and institutionally sought-after industrial markets in the United States, supported by strong population growth, durable tenant demand and limited availability of infill land. Within the broader market, the Medley submarket has consistently demonstrated strong occupancy and rent growth, reinforcing the long-term fundamentals underpinning the investment.
The acquisition aligns with Sagard Real Estate’s strategy of investing in high-quality industrial assets in dynamic, supply-constrained markets.
Sagard Real Estate was represented in the transaction by Joel Kattan and Anthony Peragine of SVN Commercial Realty.