The Adler Group has sold five South Florida industrial properties to five buyers. The properties encompass a total of 1.21 million sq. ft. of flex/industrial space. Sale prices were not disclosed.
“Incredible demand” for South Florida property motivated the firm to sell, according to Michael Adler, CEO of the Adler Group. "After looking at our portfolio, we chose several of our seasoned properties to sell to interested buyers in order to profit from this industry surge." says Adler.
According to Adler, all of the properties benefited from increased selling prices. He adds that those profits will be redeployed into future acquisitions.