Aging is inevitable, and for many, it signals the beginning of a new chapter - one where you cross off bucket list items and live life to the fullest, on your own terms. However, for some men, aging is a horrible prospect, filled with chronic fatigue, irritability, and inability to perform in the bedroom. If you're concerned about life in middle age and beyond, we've got great news: there are easy, proven steps that you can take to help stop the negative effect of aging.
Global Life Rejuvenation was founded to give men a new lease on life - one that includes less body fat, fewer mood swings, and more energy as you age. If you're ready to look and feel younger, it's time to consider TRT (testosterone replacement therapy), and growth hormone peptides. These therapies for men are effective, safe, and customized to fit your goals, so you can keep loving life as you get older.
TRT, and growth hormone peptide therapies bridge the gap between your old life and the more vibrant, happier version of you. With a simple click or call, you can be well on your way to a brighter future. After all, you deserve to be the one in charge of your wellness and health. Now, you have the tools to do so - backed by science and applied by our team of TRT and HRT experts with more than 13 years of experience.
For men, getting older comes with its perks, like living life on their own terms and not having to "sweat the small stuff" day in and day out. At the same time, there are aspects of aging that men dread, like hormonal changes. Yes, you read that right – men, not just women, go through hormonal changes as they age. For men, the biggest change involves a drop in testosterone.
Lower levels of testosterone can wreak havoc on a male's mind and body and when left untreated, can result in symptoms like:
Those symptoms are concerning, but with testosterone replacement therapy and anti-aging medicine, many males improve their quality of life with age. The good news is that TRT and anti-aging meds aren't only reserved for "old guys." In fact, there's no magic age at which men should start thinking about hormone replacement therapy. Everyone's body is different, so if you're experiencing the above conditions in your mid-30s, TRT could be a viable solution when you consult with a doctor.
Testosterone is a crucial hormone for men and plays an important role throughout the male lifespan. Most of a male's testosterone is produced through the testicles. Also called the male sex hormone, testosterone starts playing its part during puberty.
When a male goes through puberty, testosterone helps males develop:
As boys turn to men and men grow older, testosterone levels deplete naturally. Sometimes, events like injuries and chronic health conditions like diabetes can lower testosterone levels. Unfortunately, when a man loses too much T, it results in hypogonadism. When this happens, the testosterone must be replaced, or the male will suffer from symptoms like muscle loss, low libido, and even depression.
TRT is exactly what it sounds like: a treatment option for men that replaces testosterone so that your body regulates hormones properly and restores balance to your life. Also called androgen replacement therapy, TRT alleviates the symptoms that men experience with low T.
Originally lab-synthesized in 1935, testosterone has grown in popularity since it was produced. Today, TRT and other testosterone treatments are among the most popular prescriptions in the U.S.
Without getting too deep into the science, TRT works by giving your body the essential testosterone it needs to function correctly. As the primary androgen for both males and females, testosterone impacts many of the body's natural processes – especially those needed for overall health. For example, men with low T are more prone to serious problems like cardiovascular disease and even type-2 diabetes.
When your body quits making enough testosterone, it causes your health to suffer until a solution is presented. That's where TRT and anti-aging medicine for men can help. TRT helps balance your hormones and replenish your depleted testosterone. With time, your body will begin to heal, and many symptoms like low libido and irritability begin to diminish.
For men, aging is the biggest contributor to lower testosterone levels, though there are other causes like obesity, drug abuse, testicular injuries, and certain prescribed medications. Sometimes, long-term health conditions like AIDS, cirrhosis of the liver, and kidney disease can lower testosterone levels.
When a man's testosterone levels drop significantly, it alters his body's ratio of estrogen and testosterone. Lower testosterone levels cause more abdominal fat, which in turn results in increased aromatase, which converts even more testosterone into estrogen.
If you're concerned that you might have low T, you're not alone. Millions of men in the U.S. feel the same way. The best way to find out if your testosterone is low is to get your levels tested.
For sustainable testosterone replacement therapy benefits, you must consult with hormone doctors and experts like those you can find at Global Life Rejuvenation. That way, you can find the root cause of your hormone problems, and our team can craft a personalized HRT plan tailored to your needs.
Are you used to blasting through a productive day and accomplishing all your daily goals? Do you find yourself losing muscle mass and the craving to be intimate with your partner? Does your partner complain about how irritable you have become? If you're not usually a curmudgeon, your body could be giving you a sign. It could be time to speak with a doctor about TRT and anti-aging medicine for men in Hialeah, FL.
If you're experiencing any of the following symptoms, you might be battling against low testosterone:
One of the most common reasons that men choose TRT is because they have lost that "spark" with their partner. It's not easy for a man to hear that they're not performing like they used to. Intimacy is a powerful part of any relationship. When a once-healthy sex life dwindles, it can cause serious relationship issues.
The good news is that low libido doesn't have to be a permanent problem. TRT and anti-aging medicines help revert hormone levels back into their normal range. When this happens, many men have a more enjoyable life full of intimacy and sex drive.
Weak erections – it's an uncomfortable subject for many men in the U.S. to talk about. It's even worse to experience first-hand. You're in the midst of an intimate moment, and you can't do your part. Despite being perfectly normal, many men put blame and shame upon themselves when they can't achieve an erection. And while the inability to perform sexually can be caused by poor diet, obesity, and chronic health conditions, low testosterone is often a contributing factor.
Fortunately, weak erections are a treatable condition. The best way to regain your confidence and ability in bed is to speak with your doctor. Once any underlying conditions are discovered, options like TRT may be the best course of treatment.
Hair Loss
Do you find it harder and harder to work out and lift weights in the gym? Are you having problems lifting heavy items that you once had no problem lifting?
Recent studies show that when men are inactive, they lose .5% of muscle strength every year, from ages 25 to 60. After 60, muscle loss doubles every decade. While some muscle loss is common as men age, a significant portion can be tied to low testosterone levels. When a man's T levels drop, so does his muscle mass.
Testosterone is a much-needed component used in gaining and retaining muscle mass. That's why many doctors prescribe TRT Hialeah, FL, for men having problems with strength. One recent study found that men who increased their testosterone levels using TRT gained as much as 2.5 pounds of muscle mass.
Whether your gym performance is lacking, or you can't lift heavy items like you used to, don't blame it all on age. You could be suffering from hypogonadism.
If you're like millions of other men in their late 20s and 30s, dealing with hair loss is a reality you don't want to face. Closely related to testosterone decline and hormone imbalances, hair loss is distressing for many men. This common symptom is often related to a derivative of testosterone called DHT. Excess amounts of DHT cause hair follicles to halt their production, causing follicles to die.
Because hair located at the front and crown is more sensitive to DHT, it grows slower than other follicles and eventually stops growing permanently. Thankfully, TRT and anti-aging treatments for men in Hialeah, FL, is now available to address hair loss for good.
While it's true that you can't change your genes, you can change the effects of low testosterone on your body. Whether you're suffering from thinning hair or hair loss across your entire head, TRT and other hormone therapies can stop hair loss and even reverse the process.
Also called "man boobs," gynecomastia is essentially the enlargement of male breast tissue. This increase in fatty tissue is often caused by hormonal imbalances and an increase in estrogen. For men, estrogen levels are elevated during andropause. Also called male menopause, andropause usually happens because of a lack of testosterone.
If you're a man between the ages of 40 and 55, and you're embarrassed by having large breasts, don't lose hope. TRT is a safe, effective way to eliminate the underlying cause of gynecomastia without invasive surgery. With a custom HRT and fitness program, you can bring your testosterone and estrogen levels back to normal before you know it.
Decreased energy was once considered a normal part of aging. Today, many doctors know better. Advances in technology and our understanding of testosterone show that low T and lack of energy often go hand-in-hand.
If you're struggling to enjoy activities like playing with your kids or hiking in a park due to lack of energy, it could be a sign of low T. Of course, getting tired is perfectly normal for any man. But if you're suffering from continual fatigue, a lack of enjoyment, or a decrease in energy, it might be time to speak with a doctor.
Whether you're having a tough time getting through your day or can't finish activities you used to love, TRT could help.
A study from 2011 showed that men who lose a week's worth of sleep can experience lowered testosterone levels – as much as 15%, according to experts. Additional research into the topic found almost 15% of workers only get five hours of sleep (or less) per night. These findings suggest that sleep loss negatively impacts T levels and wellbeing.
The bottom line is that men who have trouble sleeping often suffer from lower testosterone levels as a result. If you find yourself exhausted at the end of the day but toss and turn all night long, you might have low T.
TRT and anti-aging medicines can restore your T levels back to normal, which can help you sleep better with proper diet and exercise.
You're feeling down about everything, and there's no solid explanation for why you're in such a crummy mood. Your daily life is great and full of success, but you can't help but feel unexcited and unmotivated. If you're experiencing symptoms like these, you may be depressed – and it may stem from low testosterone.
A research study from Munich found that men with depression also commonly had low testosterone levels. This same study also found that depressed men had cortisol levels that were 67% higher than other men. Because higher cortisol levels lead to lower levels of testosterone, the chances of severe depression increase.
Depression is a very real disorder and should always be diagnosed and treated by your doctor. One treatment option gaining in popularity is TRT for depression. Studies show that when TRT is used to restore hormone levels, men enjoy a lighter, more improved mood. That's great news for men who are depressed and have not had success with other treatments like anti-depression medicines, which alter the brain's chemistry.
Ask anyone over the age of 50 how their memory is, and they'll tell you it wasn't what it used to be. Memory loss and lack of concentration occur naturally as we age – these aren't always signs of dementia or Alzheimer's.
However, what many men consider a symptom of age may be caused by low testosterone. A 2006 study found that males with low T levels performed poorly on cognitive skill tests. These results suggest that low testosterone may play a part in reducing cognitive ability. If you're having trouble staying on task or remembering what your schedule is for the day, it might not be due to your age. It might be because your testosterone levels are too low. If you're having trouble concentrating or remembering daily tasks, it could be time to talk to your doctor.
Why? The aforementioned study found that participating men experienced improved cognitive skills when using TRT.
Even though today's society is more inclusive of large people, few adults enjoy gaining weight as they age. Despite their best efforts, many men just can't shed the extra pounds around their midsections, increasing their risk of heart disease and cancer.
Often, male weight gain is caused by hormone imbalances that slow the metabolism and cause weight to pile on. This phase of life is called andropause and happens when there is a lack of testosterone in the body. Couple that with high cortisol levels, and you've got a recipe for flabby guts and double chins.
Fortunately, TRT treatments and physician-led weight loss programs can correct hormone imbalances and lead to healthy weight loss for men.
The benefits of hormone replacement therapy for men are numerous. TRT not only grants relief from low-T symptoms but can help give protection against age-related diseases. Additionally, doctors now recognize male testosterone as an important role in alleviating depression.
Some of the most exciting benefits of TRT can include:
Because men do not go through a specific period of hormonal changes like women do (called menopause), many doctors refer to "male menopause" as androgen decline. This is just another term for low testosterone, but like female menopause, the symptoms can be serious and affect your quality of life.
The best way to fight back against male menopause is with male HRT treatment from Global Life Rejuvenation. We provide the following HRT treatments for men:
Our treatment options are personalized for your body and are available as creams, gels, injectables, and implantable pellets. To find out if testosterone replacement therapy is safe for you, contact Global Life Rejuvenation today to schedule your comprehensive testing and anti-aging treatment consultation.
Growth hormone peptides are an innovative therapy that boosts the natural human growth hormone production in a person's body. These exciting treatment options help slow down the aging process and give you a chance at restoring your youth.
Sermorelin is a synthetic hormone peptide, like GHRH, which triggers the release of growth hormones. When used under the care of a qualified physician, Sermorelin can help you lose weight, increase your energy levels, and help you feel much younger.
Human growth hormone (HGH) therapy has been used for years to treat hormone deficiencies. Unlike HGH, which directly replaces declining human growth hormone levels, Sermorelin addresses the underlying cause of decreased HGH, stimulating the pituitary gland naturally. This approach keeps the mechanisms of growth hormone production active.
Benefits of Sermorelin include:
Ipamorelin helps to release growth hormones in a person's body by mimicking a peptide called ghrelin. Ghrelin is one of three hormones which work together to regulate the growth hormone levels released by the pituitary gland. Because Ipamorelin stimulates the body to produce growth hormone, your body won't stop its natural growth hormone production, which occurs with synthetic HGH.
Ipamorelin causes growth hormone secretion that resembles natural release patterns rather than being constantly elevated from HGH. Because ipamorelin stimulates the natural production of growth hormone, our patients can use this treatment long-term with fewer health risks.
One of the biggest benefits of Ipamorelin is that it is suitable for both men and women. It provides significant short and long-term benefits in age management therapies, boosting patients' overall health, wellbeing, and outlook on life. When growth hormone is produced by the pituitary gland using Ipamorelin, clients report amazing benefits.
Some of those benefits include:
Whether you are considering our TRT services, HRT for women, or our growth hormone peptide services, we are here to help. The first step to turning back the hand of time starts by contacting Global Life Rejuvenation.
Our friendly, knowledgeable TRT and HRT experts can help answer your questions and walk you through our procedures. From there, we'll figure out which treatments are right for you. Before you know it, you'll be well on your way to looking and feeling better than you have in years!
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HIALEAH, FLA. (WSVN) - Crews have taken control of a massive fire that broke out at an auto parts store in Hialeah.Hialeah and Miami-Dade Fire Rescue crews arrived at the scene at Rastro Coco Auto Parts, located at 5171 E. 10th Court, just before 1 p.m., Tuesday.The fire has been mostly put out after crews worked for hours to douse the flames.7Skyforce hovered over the scene where hundreds of cars were caught in the blaze, as thick black smoke billowed from the lot.Vivian Espino lives nearby. “Explode, explo...
HIALEAH, FLA. (WSVN) - Crews have taken control of a massive fire that broke out at an auto parts store in Hialeah.
Hialeah and Miami-Dade Fire Rescue crews arrived at the scene at Rastro Coco Auto Parts, located at 5171 E. 10th Court, just before 1 p.m., Tuesday.
The fire has been mostly put out after crews worked for hours to douse the flames.
7Skyforce hovered over the scene where hundreds of cars were caught in the blaze, as thick black smoke billowed from the lot.
Vivian Espino lives nearby. “Explode, explode, explode,” she said describing a startling wake up call.
She was taking an afternoon nap when, all of a sudden, the business down the street from her home in Hialeah went up in flames.
Hialeah Fire Department Asst. Chief David Rodriguez said, “This is a junkyard, a big junkyard, it takes about half a city block, that was fully engulfed.”
Fire crews had to reach out to Florida Power and Light to have power in the area turned off due to power lines being too close to the fire.
According to Miami-Dade Fire Rescue, over 25 of their units responded to assist with the fire, which grew quickly. The incident was then upgraded to a second alarm fire for additional manpower to battle the flames.
“All you have in these junkyards are fireload,” said Rodriguez, “from tires, to fuel, to oils, lots of combustibles.”
It took nearly 100 firefighters several hours to put the flames out.
“Luckily we were able to contain the fire to the actual junkyard,” said Rodriguez, “protected the exposures. Luckily there were no injuries.”
Rescue crews were forced to cut down a concrete barrier to access one of the hydrants.
People in the area took cellphone video, which captured multiple loud bangs.
What remained at the lot were scorched cars and melted rubber.
“This is one of the larger scale scenes we would have,” said Rodriguez.
While she’s glad her home wasn’t damaged, Espino said she feels for the owners of the business, whom she’s known for years.
She says it’s been in that location for more than three decades and she prays they’ll be OK.
“They lost it all,” she said. “The office, all. All!”
The cause of the fire remains under investigation.
Copyright 2023 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property in Hialeah, Florida on February 23, 2023 for a purchase price of approximately $173.6 million.The property consists of a 121-acre project entitled for 2.2 million square feet of industrial distribution buildings in Miami’s Countyline Corporate Park (&l...
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property in Hialeah, Florida on February 23, 2023 for a purchase price of approximately $173.6 million.
The property consists of a 121-acre project entitled for 2.2 million square feet of industrial distribution buildings in Miami’s Countyline Corporate Park (“Countyline”), immediately adjacent to Terreno Realty Corporation’s seven fully-leased buildings within Countyline. The project, a landfill redevelopment adjacent to Florida’s Turnpike and the southern terminus of I-75, is 29.9% pre-leased with one 191,000 square foot rear-load industrial distribution building and one 506,000 square foot cross-dock industrial distribution building under construction. At expected completion in 2025 the project, located at the intersection of NW 170th Street and NW 107th Avenue, is expected to contain ten LEED-certified industrial distribution buildings totaling approximately 2.2 million square feet providing 660 dock-high and 22 grade-level loading positions and parking for 1,875 cars for a total expected investment of approximately $491.4 million. The estimated stabilized cap rate of the two buildings under construction is 5.0% and of the eight buildings to be constructed is 6.0%.
Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.
Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, the impact of the COVID-19 pandemic on our business, our tenants and the national and local economies, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2022 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.
Project on former Salvation Army site is expected to be completed by year-endPrestige Companies and its partner scored a $20.5 million construction loan for a multifamily project on a former Salvation Army site in Hialeah, marking the firm’s continued wager on the city.Prestige and Florida Value Partners have started building the project, consisting of 100 townhouses for rent and a three-story building with 12 apartments atop 5,000 square feet of retail, said Prestige’s Alexander Ruiz. The project, at 7450 West Four...
Project on former Salvation Army site is expected to be completed by year-end
Prestige Companies and its partner scored a $20.5 million construction loan for a multifamily project on a former Salvation Army site in Hialeah, marking the firm’s continued wager on the city.
Prestige and Florida Value Partners have started building the project, consisting of 100 townhouses for rent and a three-story building with 12 apartments atop 5,000 square feet of retail, said Prestige’s Alexander Ruiz. The project, at 7450 West Fourth Avenue, is expected to be completed by year-end.
The lender is Amzak Capital Management, the Boca Raton-based private investment firm for the Kazma family, records show. The Kazmas, who hail from Canada, built a cable television empire in North America and Latin America before focusing on investments in real estate, fixed-income assets such as corporate bonds, health care and industrial companies, according to Amzak’s website. Gerry Kazma is chairman, and his son, Michael Kazma, is president.
An affiliate of Prestige originally bought the nearly 5-acre development site in late 2021 for $8.3 million, a deed shows. Last year, that entity sold the property to a partnership of Prestige and Florida Value for $15 million.
The site is an Opportunity Zone, areas deemed in need of an economic boost. Investors can defer capital gains taxes by putting their money in a qualified Opportunity Zone fund, which in turn bankrolls real estate and business projects on Opportunity Zones.
More than $15 million in Opportunity Zone capital is earmarked for the Hialeah project from a qualified fund, which includes capital gains from Prestige and Florida Value, Ruiz said.
The developers scored city approval of the project last March.
This is the latest Hialeah project by Prestige, a Miami Lakes-based firm led by CEO Marty Caparros. The firm has built several Amelia-branded communities, named after Amelia Earhart, who attempted to become the first woman pilot to fly across the globe but disappeared in the Pacific Ocean.
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Las Vistas at Amelia consists of 174 apartments at 7925 West 2nd Court. The Amelia mixed-use district has 30 rental units and two commercial units totaling 17,000 square feet.
Last year, Prestige also made headway in its plan to develop a 343-unit apartment complex and a charter school on an unused portion of the historic Hialeah Park Racing & Casino. Prestige paid $13.1 million for the 13-acre development site at the park, which no longer holds live races but has state approval for slot machines, card games and pari-mutuel wagering on televised horse races.
Florida Value, a Miami-based firm led by managing partner Gus Alfonso, has a portfolio of more than $1 billion of assets under management amassed since the firm was founded in 2008, according to its LinkedIn.
Hialeah, traditionally a single-family home community with an industrial real estate supply, has caught multifamily developers’ interest in recent years.
The Pérez family’s Related Group and Jeffrey Soffer’s Fontainebleau Development are developing a 642-unit complex at 7218 West Fourth Avenue, a former track for the now banned practice of greyhound racing, according to media reports.
Also in Hialeah, Dacar Management is building a 244-unit multifamily complex with retail at 3685 West 85th Path.
Seritage Growth Properties shed another South Florida Sears site, selling a shuttered store in Hialeah to Codina Partners.Codina, led by the father-daughter team of Armando Codina and Ana-Marie Codina Barlick, paid $16.5 million for the 153,596-square-foot big box store at 1625 West 49th Street, according to a source familiar with the off-market deal.The building is attached to Westland Mall, an indoor shopping center owned by Dallas-based Centennial. The deal also includes an outparcel that was previously a ...
Seritage Growth Properties shed another South Florida Sears site, selling a shuttered store in Hialeah to Codina Partners.
Codina, led by the father-daughter team of Armando Codina and Ana-Marie Codina Barlick, paid $16.5 million for the 153,596-square-foot big box store at 1625 West 49th Street, according to a source familiar with the off-market deal.
The building is attached to Westland Mall, an indoor shopping center owned by Dallas-based Centennial. The deal also includes an outparcel that was previously a Sears automotive center and an adjoining parking lot.
In 2020, Seritage closed the department store and automotive center, which were both completed in 1980 and sit on 15 acres, records show.
Codina is partnering with Centennial, James Carr and Manny Kadre to redevelop the Sears site into a mixed-use project with an apartment component, according to a press release.
We are very early in the planning stages, but would love to provide primarily residential with additional retail subject to Centennial’s approval,” Armando Codina said in a statement. “Commercial is also a possibility. The goal is for this project to be as transformational for Hialeah as Downtown Doral has been for the city of Doral.”
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Downtown Doral is Codina’s master-planned, mixed-use community of condominiums, apartments, retail and restaurants in Doral.
Centennial, led by Steven Levin, acquired Westland Mall last year from Barry Sternlicht’s Starwood Capital Group by assuming a $149.4 million mortgage.
The shopping center’s anchor tenants are Macy’s and JCPenney, but both buildings are owned by other entities. Retailers at Westland Mall include Bath & Body Works, Pandora, and Express Factory Outlet.
Seritage, a New York-based Sears real estate spinoff led by CEO Andrea Olshan, has been offloading properties for the past year. It’s part of a strategy to pay down $640 million in mortgage debt owed to Warren Buffett’s Berkshire Hathaway.
Last year, Seritage sold a former Sears site at Southland Mall in Cutler Bay to North Palm Beach-based Electra America and Aventura-based BH Group for $34 million. Also last year, Seritage sold an Aldi-anchored retail plaza near North Miami for $38 million to Raanan Katz’s RK Centers.
Seritage is also finishing construction of Esplande at Aventura, an office and retail project on the site of a former Sears store at Aventura Mall, according to the company’s first quarter earnings report.
Ares Management paid $111.1 million for a Countyline Corporate Park development site in Hialeah, with plans for a three-building industrial complex.Some of the space may already be earmarked for prospective tenants, filings show.Ares, through its Ares Industrial Real Estate Income Trust, bought 52 acres of land on the northwest corner of Northwest 154th Street and West 40th Avenue from Florida East Coast Industries, according to records and real estate database Vizzda. The property is at 4010 West 104th Street.Miami-base...
Ares Management paid $111.1 million for a Countyline Corporate Park development site in Hialeah, with plans for a three-building industrial complex.
Some of the space may already be earmarked for prospective tenants, filings show.
Ares, through its Ares Industrial Real Estate Income Trust, bought 52 acres of land on the northwest corner of Northwest 154th Street and West 40th Avenue from Florida East Coast Industries, according to records and real estate database Vizzda. The property is at 4010 West 104th Street.
Miami-based FECI has been developing Countyline Corporate Park, but also selling chunks of buildable land.
Ares plans to develop Buildings 19 and 20, each spanning 214,000 square feet; and Building 21, planned for nearly 193,000 square feet, according to notices of commencement filed to Miami-Dade County this week.
It also plans to build smaller office and warehouse spaces, ranging from roughly 21,000 square feet to 57,000 square feet. Records filed by Ares list names of logistics, manufacturing, wholesale and other companies that appear to be potential tenants. The firms include Mitsubishi Logistics America, countertop store Terry Stone, wholesaler Z&S Tires, food wholesale distributor Allied DBD, tire manufacturer Zafco International and others.
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Ares declined to comment on whether these are potential tenants.
This isn’t the Los Angeles-based firm’s first purchase at Countyline Corporate Park. In June, Ares Income REIT paid $62 million for the property at 410 West 104th Street and an adjacent parcel where FECI had already started construction of a pair of warehouses totaling nearly 215,000 square feet.
Ares Management is also betting on soccer in South Florida. In 2021, it made a $150 million preferred equity investment in David Beckham’s Major League Soccer group Inter Miami CF.
Overall, Ares Management has a portfolio of $341 billion of assets under management across industries such as real estate, infrastructure and private equity, according to its website. The firm was founded in 1997 by Michael Arougheti and Antony Ressler. Ares Industrial REIT’s portfolio spans 241 buildings with a total asset value of $8.9 billion as of September, its website shows.
South Florida’s industrial market has been booming, and was supercharged in recent years as the pandemic turned many consumers to e-commerce.
In the third quarter of last year, Miami-Dade County’s average industrial asking rent hit $14.35 a square foot, up from $8.84 a square foot during the same period of the previous year, according to JLL. The vacancy rate dropped to an all-time low of 1.8 percent.
