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Landlord proposes 24-hour operation for UPS distribution facility in Saugus

Landlord proposes 24-hour operation for UPS distribution facility in Saugus
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Real Estate Rumors: Hilco, Chewy, Rosenthal

Hilco Redevelopment Partners Completes The Purchase Of An 8 5-Acre Property In The Booming South Florida Industrial Development Market

Share this article Share this article CHICAGO, June 1, 2021 /PRNewswire/  Hilco Redevelopment Partners (HRP), a unit of Hilco Global, announced today the purchase of an industrial development site located at 11002 Northwest S. River Drive in Medley, FL. The 8.5-acre property is part of a larger 25-acre Superfund site which has previously undergone corrective action. HRP has current plans to develop the site into a state-of-the-art warehouse/logistics facility to support the growing tenant demand across South Florida. The sale was brokered by Newmark executives Steve Medwin and Nick Wigoda, who will also handle leasing of the project. Hilco Redevelopment Partners indicated that it plans to construct a 175,000 square-foot, modern front-load warehouse designed to support multiple tenants. HRP expects to complete this development project and have the new facility fully operational in 2022. This project represents HRP s initial foray into South Florida as the real estate developme

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