Georgia Firm Bids $10M for Foreclosure Warehouse in Florida

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A Georgia-based industrial developer, Tamarack Investments, has submitted a $10.35 million stalking horse bid on a large manufacturing warehouse in Hialeah, which is currently facing foreclosure. The property, located at 2525 W. Fourth Ave., spans over 63,570 square feet on a 2.1-acre lot and previously served as the production hub for Cuban crackers manufacturer Gilda Industries. The warehouse is now under court-ordered auction, following a legal process set by an assignment for the benefit of creditors case, which aims to liquidate assets to pay off debt.

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