Berkadia Arranges $81.5 Million Sale Of Two Apartment Communities In Palm Beach County
“The Lake Worth submarket remained at 95% occupancy or above in 2020 and is poised for additional rent growth.”
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“The Lake Worth submarket remained at 95% occupancy or above in 2020 and is poised for additional rent growth.”
The current zoning for the 0.69-acre site permits high-density development, including residential, commercial/retail, lodging, civic and civil support.
The facilities have a combined 6,197 units.
Cushman & Wakefield’s Wayne Ramoski and Miguel Alcivar represented the seller, DFJ Properties West, LLC, in the transaction.
The three-building industrial campus totals 336,852 square feet.
Prologis has approximately 2,855,360 square feet in Southern Broward County. This final deal brings the park to 100% occupancy and reporting record rents.
The 304,408-square-foot portfolio was 64 percent leased at the time of sale.
Easton has submitted plans with the city to build a logistics-oriented facility.
EON Squared includes a 206-unit tower and an adjacent 270-unit tower completed in 2019 and 2021.
Mast Capital submitted site plans for a master-development totaling 2.6 million square feet.
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