CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.
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Here are the most popular news headlines this past week on CRE-sources.
The tenant, a major wholesaler and distributor of Asian food products, will be relocating and expanding from its current location at 1728 Park Central Blvd S. in Pompano Beach, where it currently occupies 32,954 square feet.
She has been involved with hundreds of real estate transactions, representing buyers, sellers, investors and tenants in both residential and commercial real estate.
The high-end residential construction company plans to convert the former vegan restaurant and dance studio to its corporate offices.
Beck and Byrnes represented the seller, Benson Properties Inc., in the transaction. No outside brokers were involved in the deal.
The property consists of two recently developed rear-load 32-foot clear industrial distribution buildings containing approximately 402,000 square feet on 19.0 acres.
The property consists of 35,850 square feet of retail space along University Drive, plus 19,680 square feet of office suites tucked behind the shopping center.
“Having achieved 90 percent lease-up prior to breaking ground, this center shows the continued strength of large format brick-and-mortar retail destinations across multiple use categories.”
CBRE’s Christian Lee, Chris Riley, José Lobón, Amy Julian, and Royce Rose represented Butters in the transaction.
“Modern, last-mile logistics centers like Bridge Point Commerce Center continue to outperform the market,” said Kevin Carroll, Partner, Southeast Region of Bridge Industrial. “We are pleased to have been able to take advantage of historically low interest rates and lock into an extremely attractive fixed rate.”
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