U.S. TA Realty buys 2 industrial buildings in Hollywood for $36.1 mln

U.S. real estate investment firm TA Realty has bought two industrial buildings in Hollywood from mutual life insurance company Guardian Life Insurance Co. of America for $36.1 million.

Guardian Life Insurance sold an 83,880-square-foot warehouse at 2551 Southwest 39th Street and a 134,320-square-foot warehouse at 4140 Southwest 30th Avenue.

In total, the portfolio spans 218,200 square feet, meaning the deal breaks down to about $265 per square foot. The warehouses sit within the Port 95 Commerce Park, just west of Fort Lauderdale-Hollywood International Airport. The properties are 100 percent leased to tenants.

Last month, TA Realty paid $92.25 million for a 10-parcel industrial portfolio in Medley and Hialeah Gardens.