FRP Completes New 200,000-SF Infill Logistics Warehouse In Delray Beach
The development plans include building an additional 392,000 square feet for a total of three planned state-of-the-art industrial buildings.
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The development plans include building an additional 392,000 square feet for a total of three planned state-of-the-art industrial buildings.
The sale price works out to roughly $328 per square foot.
The warehouses sit on 14.7 acres near a Publix distribution facility
The leasing activity was brokered on the tenant side by JLL. Ryan Goggins and Peter “PJ” Apol represented Sunbeam Properties & Development.
The mixed-use tower is planned to total about 1.6 million square feet, with completion targeted for 2029.
Senior Managing Director Jaret Turkell and Senior Directors Omar Morales and Yoav Yuhjtman of Berkadia South Florida led the transaction on behalf of the seller.
Alex Zylberglait of Marcus & Millichap represented the seller, a private overseas group, and procured the buyer, a local private operator.
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The property totals 366,036 square feet on 22 acres.
According to property records, Kurv Industrial acquired the portfolio for $219.7 million, marking South Florida’s largest industrial deal this year.
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