JLL facilitates $12.29M sale of 6.63-acre development site in Miami-Dade County
MIAMI, Aug. 28, 2025 – JLL Capital Markets announced today the $12.29 million sale of a 6.63-acre industrial development site at 14100 SW 136th St. in Miami, Florida.
JLL represented the seller, Baptist Health South Florida Inc., in the sale of the property to Hamilton Development Company.
The strategically located site sits adjacent to Miami Executive Airport, just three miles from the Florida Turnpike in the heart of Miami-Dade County's thriving industrial corridor. The property offers immediate access to major transportation networks, including a six-minute drive to Don Shula Expressway and an eight-minute drive to Florida’s Turnpike, offering easy access to labor and allowing users to reach over 5.4 million people within a 90-minute drive.
The transaction involved subdividing a larger parcel through a covenant-in-lieu process. This allowed Baptist Health South Florida to retain ownership and continue operating its West Kendall Emergency Care Center on one portion of the property, while selling the 6.63-acre development parcel to Hamilton Development. The development site included a 37,400-square-foot office and warehouse building that was demolished by the buyer prior to closing to accommodate the new small-bay industrial construction.
The property is zoned IU-C (Industrial District, Conditional), permitting industrial, office, hospitality and automotive sales and leasing facilities. Additionally, the site can accommodate approximately 110,000 square feet of small-bay industrial space with a curated mix of spaces with grade-level and dock-high loading. Alternative development scenarios also contemplated a modern automotive dealership with showroom facilities and structured parking.
The JLL Capital Markets team was led by Executive Managing Director Manny de Zarraga, Managing Director Luis Castillo, Senior Director Cody Brais and Associates Michael Roukis and Taylor Osborne.
"The strength of bidding activity on this asset reinforces our conviction that Miami-Dade's market continues to outperform on both a regional and national basis," said Castillo. "Investors recognize that South Florida's population growth trajectory, international trade advantages and severe land constraints create a perfect storm for sustained industrial real estate appreciation."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. 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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Baptist Health South Florida
Baptist Health South Florida is the largest healthcare organization in the region, with 12 hospitals, more than 28,000 employees, 4,500 physicians and 200 outpatient centers, urgent care facilities and physician practices spanning Miami-Dade, Monroe, Broward and Palm Beach counties. Baptist Health has internationally renowned institutes specializing in cancer care, brain and spine care, heart and vascular care and orthopedic care. In addition, it includes Baptist Health Medical Group; Baptist Health Quality Network; and the Baptist Health PineApp, a virtual health platform. Baptist Health South Florida is an academic and clinical affiliate of Florida International University. A not-for-profit organization supported by philanthropy and committed to its charitable mission of medical excellence, Baptist Health has been recognized by Fortune as one of the 100 Best Companies to Work For in America and is the most awarded healthcare system in South Florida by U.S. News & World Report. For more information, visit BaptistHealth.net/Newsroom and connect with us on Facebook, X (formerly Twitter), Instagram, TikTok and LinkedIn.
About Hamilton Development
Founded in 2023 by Whitfield Hamilton and headquartered in Nashville, Tennessee, Hamilton Development specializes in industrial and office projects across the Southeast and Mid-Atlantic. We currently have 3.5 million square feet of new active development and 11.5M of legacy development underway across 12 markets with a mix of speculative and build-to-suit projects from Miami to D.C. Our team has collectively delivered 140 million square feet with a total value exceeding $4 billion. We leverage our experience, partnerships, and local market knowledge to deliver results for our clients.