E
aston Group has re-entered the industrial market after a brief retail shopping spree, acquiring its partner's interest in a Doral warehouse for $26 million. An affiliate of Easton, led by Ed Easton and based in Doral, is now the owner of 25th Logistics Center, a 105,000-square-foot facility at 9880 Northwest 25th Street. The buyer secured a $29.7 million loan from another Easton affiliate, translating to $250 per square foot.

    The property was previously owned by an affiliate of LBA Realty and Easton, who purchased the site for $19.5 million in 2021. The warehouse was completed in 1998 and served as the headquarters for Badia Spices before they relocated to Sweetwater in 2021. Easton has been diversifying its portfolio with recent retail acquisitions, including a shopping center anchored by Walmart Neighborhood Market in Homestead.

    Doral remains an attractive industrial submarket, with notable deals closing recently. Terreno Realty paid $195.6 million for a 23.4-acre site in Doral, and Prologis acquired a warehouse from Codina Partners for $57 million within the Beacon Lakes industrial park.