Hamilton plans office-to-industrial conversion in northwest Miami-Dade after $20M buy

In a sign of a lagging suburban office market in Miami-Dade County, Hamilton Development is planning to redevelop two distressed buildings into a pair of warehouses.  An affiliate of Nashville-based Hamilton, led by Whitfield Hamilton, paid $20.4 million for an office building in the Flagler Station business park near Doral via a deed-in-lieu of foreclosure transaction, records and real estate database Vizzda show. Salt Lake City, Utah-based Bridge Investment Group sold the 126,224-square-foot building at 9725 Northwest 117th Avenue.  Matthew McCormack with JLL brokered the deal. In May, Bridge Investment also sold to Hamilton a 124,227-square-foot office building at 10451 […]This article originally appeared on The Real Deal. Click here to read the full story.