Miami business park sold for $16.6M

The Webster Business Park in Miami traded for $16.6 million. Webster Business Park LLC, an affiliate of Boston-based TA Realty, sold the 178,521-square-foot industrial property at 7200 N.W. 25th Street to Cofe Cix Webster Park LLC, an affiliate of Miami-based commercial real estate firm Cofe Properties. Miami Lakes-based BankUnited provided an $11.1 million mortgage to…

News in brief

• Boynton Beach-based Forman Capital LLC has formed a strategic partnership with Canada-based Trez Capital Group LP. Trez Forman Capital Group LP will primarily provide clients bridge, mezzanine and senior financing. www.formancap.com. • Pedego Electric Bikes opened a store at 777 E. Atlantic Ave, Suite C7 in Delray Beach. (561) 501-7633 or www.pedegoelectricbikes.com. • The…

Orchard Supply Hardware entering South Florida

Orchard Supply Hardware has nailed down four locations in Broward County as it begins expanding into Florida. Founded in California in 1931, Orchard Supply was acquired by Lowe’s Cos. in 2013. With locations from 35,000 to 40,000 square feet, it fits a niche between the big-box stores and small neighborhood hardware stores, Orchard Supply President…