Jones Lang LaSalle Inc.
08/04/2026 | Press release | Distributed by Public on 08/04/2026 08:14
JLL arranges sale of 6.86-acre shovel-ready industrial site, further boosting one of the country's top gateway markets
MIAMI, Aug. 4, 2026 - JLL Capital Markets announced today the sale of Gateway Commerce Park Land, a 6.86-acre shovel-ready industrial development site in Miami Gardens, Florida.
JLL represented the seller, EastGroup Properties, in the sale.
The parcel is located at 1500 Northwest 215th St. and offers more than 1,000 feet of frontage along Florida's Turnpike, the state's primary transportation corridor. The site featured complete civil plans for the development of two Class A rear-loaded, grade-level flex industrial buildings.
The property is strategically positioned along the Miami-Dade and Broward County line within the established Gateway Commerce Park, an approximately 850,000 square foot Class A logistics park developed and owned by EastGroup Properties. The property provides immediate access to Florida's Turnpike and is positioned within a 20-minute drive of Miami International Airport and approximately 21 minutes from Port Miami. The site offers access to more than 6.3 million people within a 90-minute drive time.
JLL Capital Market's team representing the seller included Senior Managing Director Luis Castillo, Managing Director Cody Brais, Associate Taylor Osborne and Analysts David Orta Jr. and Duncan Miller.
"The scarcity of developable industrial land in Miami-Dade County continues to drive investor interest in entitled sites like Gateway Commerce Park Land," Brais said. "With 95% of new industrial supply targeting tenants over 100,000 square feet, this project is positioned to capture strong demand in the shallow bay segment where nearly 60% of all leasing activity occurs in spaces under 30,000 square feet."
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About EastGroup Properties, Inc.
EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 65.8 million square feet. EastGroup Properties, Inc. press releases are available at www.eastgroup.net.
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