According to property records, Kurv Industrial acquired the portfolio for $219.7 million, marking South Florida’s largest industrial deal this year.
The sale marks a substantial increase in value from the portfolio’s previous trade in 2016, when it sold for $77.25 million.
The deal was handled exclusively by CBRE’s Larry Genet, Tom O’Loughlin, Michael Oretsky, Devin White, Jose Lobon and David Albert.
CBRE’s Tyler Kuhlman, Luke Hansen and C’jon Armstead represented the sellers as well as the buyer in the transaction.
The move, the Chicago-based firm says, reflects the evolution of its business and operating platform after 25 years.
The leasing assignment will be led by Berger Commercial Realty’s industrial brokerage team, including Keith R. Graves, CCIM, SIOR; Jonathan Thiel; Daniel Forman; and Lawrence Oxenberg.
The portfolio totals 354,336 square feet and includes eight buildings.
The 5,279-square-foot industrial automotive facility is situated on 0.6 acres just south of Downtown Fort Lauderdale.
The South Florida-based commercial real estate investment firm is targeting high-quality Southeast U.S. acquisitions.
The seven-building park totals 144,874 square feet.