East Capital JV sells Hialeah warehouse, Homestead acreage for $53M

East Capital Partners and Vlietco Enterprises sold a recently completed Hialeah warehouse and 15 undeveloped acres near Homestead for $52.8 million. An affiliate of Martinez Distributors, a family run Hialeah-based food processing and distribution company, bought Countyline East Logistics Center at 163000 Northwest 97th Avenue in Hialeah, records and real estate database Vizzda show. The 165,229-square-foot warehouse with nearly 6,000 square feet of office space sits on 9.4 acres.  The deal also included the vacant land, which is outside Miami-Dade County’s boundary for residential and commercial development. The buyer obtained a cross-collaterized loan of $62 million from Popular Bank. The […]This article originally appeared on The Real Deal. Click here to read the full story.