CIP Real Estate Acquires Broward County Business Park For $99 Million
The campus contains roughly 338,000 square feet of industrial and office space across approximately 10 buildings. The transaction equates to approximately $293 per square foot.
The campus contains roughly 338,000 square feet of industrial and office space across approximately 10 buildings. The transaction equates to approximately $293 per square foot.
Coast Logistics will replace a former real estate education facility on North Hiatus Road.
The Sunrise deal adds to a series of major industrial transactions completed across Broward County so far in 2026. By late June, industrial sales volume in the county had surpassed $1 billion, reflecting continued investor demand for logistics and warehouse assets throughout the region.
He brings more than 15 years of experience advising occupiers, investors, and property owners across the industrial, office, and retail sectors, with expertise spanning tenant representation, site selection, and investment sales.
The transaction combines $140 million in equity with $203 million in senior financing provided by Corebridge Financial and arranged by JLL with equity arranged by JTP Capital.
Waste Connections acquired the 12-acre industrial outdoor storage property from CenterPoint Properties, gaining a strategically located facility with 370 truck parking spaces near Interstate 95 and Florida’s Turnpike.
The 0.47-acre property is in the heart of downtown Delray Beach and is among the few remaining infill industrial buildings in the city’s central business district.
The logistics project is expected to break ground later this year.
Nick Hassan, Jonathan De La Rosa and Eduardo Toledo of Marcus & Millichap exclusively marketed the property on behalf of the seller.
Read on for the most popular news headlines this past week on CRE-sources.
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.
