Commercial Real Estate
South Florida

Amazon pays $85M for Sunrise fulfillment center site

133-acre tract is near Hiatus Road

Amazon CEO Andy Jassy and Amazon founder Jeff Bezos (Getty, iStock)

Amazon CEO Andy Jassy and Amazon founder Jeff Bezos (Getty, iStock)

Amazon paid $84.5 million for a 133-acre tract in Sunrise where it plans to build a fulfillment center.

Jeff Bezos’ e-commerce giant, which has grown as consumers increasingly turn to online shopping, bought the land on the northwest corner of 44th Street and Hiatus Road, records show.

The sellers are Section 18, managed by Curtis Deem; and the Trust Indenture of Martha Cotton Deem Hook, with Walter Deem Jr. as successor trustee.

Seattle-based Amazon already has several South Florida facilities, either completed or under construction. Last year, Miami-Dade County commissioners approved the sale of land at 13200 Southwest 272nd Street near the Homestead Air Reserve Base to Amazon for a fulfillment center. In Miami-Dade, Amazon also leases space at 3200 Northwest 67th Avenue.

Industrial real estate has thrived throughout 2020 and into this year, with Amazon in part boosting the market’s performance. Newmark reported that Amazon leased about 3 million square feet in South Florida last year.

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Commercial Real Estate
South Florida

Amazon pays $85M for Sunrise fulfillment center site

133-acre tract is near Hiatus Road

Amazon CEO Andy Jassy and Amazon founder Jeff Bezos (Getty, iStock)

Amazon CEO Andy Jassy and Amazon founder Jeff Bezos (Getty, iStock)

Amazon paid $84.5 million for a 133-acre tract in Sunrise where it plans to build a fulfillment center.

Jeff Bezos’ e-commerce giant, which has grown as consumers increasingly turn to online shopping, bought the land on the northwest corner of 44th Street and Hiatus Road, records show.

The sellers are Section 18, managed by Curtis Deem; and the Trust Indenture of Martha Cotton Deem Hook, with Walter Deem Jr. as successor trustee.

Seattle-based Amazon already has several South Florida facilities, either completed or under construction. Last year, Miami-Dade County commissioners approved the sale of land at 13200 Southwest 272nd Street near the Homestead Air Reserve Base to Amazon for a fulfillment center. In Miami-Dade, Amazon also leases space at 3200 Northwest 67th Avenue.

Industrial real estate has thrived throughout 2020 and into this year, with Amazon in part boosting the market’s performance. Newmark reported that Amazon leased about 3 million square feet in South Florida last year.

COMPANIES AND PEOPLE

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