Prologis Expands Broward Industrial Holdings With $352M Davie Acquisition
The purchase price works out to roughly $308 per square foot.
This author has yet to write their bio.
Meanwhile lets just say that we are proud ADMIN contributed a whooping 2446 entries.
The purchase price works out to roughly $308 per square foot.
The property is anchored by two charter schools, which comprised approximately 86% of the leased space at the time of sale.
The property was originally brought to market as a lease opportunity, with ownership having no initial plans to sell. However, within days of the property signage being installed, multiple prospective tenants expressed interest in purchasing the site rather than leasing it.
Transwestern’s Carlos Gaviria and Walter Byrd represented the owner, Link Logistics, in the transactions, which range from 27,086 to 61,724 square feet.
Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar structured this transaction “off market.”
Acquired at 55% replacement cost, the Broward Logistics Portfolio is currently 83% leased to nine tenants.
CBRE’s Robert Smith and Kirk Nelson represented the buyer, SL Acquisitions LLC, a Silverman Group Company, in the transaction and will handle leasing efforts under the new ownership.
The property was 100% occupied at the time of the sale.
Scheduled to open in August, the 10,000-square-foot space will serve as Postr’s operational and creative hub as the company continues to expand.
Senior Vice Presidents Steve Hyatt and Keith Graves, CCIM, SIOR represented the seller in the transaction.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
