Cushman & Wakefield Represents Mindful Capital In $34M Sale Of Broward County Industrial Park
The seven-building park totals 144,874 square feet.
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The seven-building park totals 144,874 square feet.
CBRE’s Amy Julian and Andrew Chilgren represented the owner, WMP I LLC, in the transaction.
Previously based in Brickell, the tenant sought a larger footprint and a standalone building within a central business district to accommodate its growing team and evolving operational needs.
The project includes 358 apartment residences, including 90 workforce housing units, as well as a 19,000 square feet of outparcel retail, in which Trader Joe’s which will occupy 15,000 square feet of the commercial space.
The property, purchased for over $8.5 million, consists of two buildings totaling 35,782 square feet on 3.25 acres.
Delivered in February 2020, the hotel is the only waterfront hotel in West Palm Beach offering direct proximity to Palm Harbor Marina.
Reese Stigliano, President of Stigliano Commercial Real Estate, represented the landlord in the transaction.
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The seller executed a sale-leaseback agreement at closing, allowing the company to continue occupying the property for 30 years.
The portfolio includes 11 buildings of single-story, highly functional small-bay industrial with 150 grade-level loading doors. The portfolio, which was completely renovated in 2023, is 98% leased to a diverse array of 62 tenants.
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