E
ast Capital Partners is rapidly expanding its presence in Miami-Dade County's industrial market, acquiring its third warehouse complex this year. The company, led by co-founders Drew DeWitt and David Archibald, purchased Skylake Executive Industrial Park for $48 million, records show. East Capital obtained a $32.2 million mortgage from Emerald Creek Capital, arranged by JLL, to finance the deal.

    The 11-acre site, which has been owned by Alan Segall's family since 1986, features seven industrial buildings completed between 1980 and 1985. Jose Sasson and Roberto Susi of Axiom Capital Advisors represented East Capital in the off-market transaction, while Eli Sasson represented the seller.

    East Capital has entered the Miami-Dade market aggressively, with a joint venture deal in January and two subsequent acquisitions. The company is focusing on vacant land and industrial properties, with over $7 billion under management. Its recent moves follow those of other institutional investors, including Longpoint Partners and Blackstone subsidiary Link Logistics, which have also made significant investments in the South Florida market.