Morgan Stanley-Backed Fund Sells Pompano Beach Industrial Park For $124.5M
The transaction pencils out to approximately $266 per square foot.
The transaction pencils out to approximately $266 per square foot.
Cushman & Wakefield’s Dominic Montazemi, Mike Davis, Rick Brugge, Rick Colon and Mike Ciadella represented the seller in the transaction.
Milopoulos and Baena procured the buyer and facilitated a rapid transaction timeline.
The project is being marketed for lease by the Berger Commercial’s Jonathan Thiel, Daniel Forman, Keith Graves, and Lawrence Oxenberg.
The 199,731-square-foot campus houses a diversified tenant roster across pharmaceutical, healthcare, aerospace, mechanical engineering, food and beverage and construction industries.
Currently 80% occupied by a mix of retail and industrial tenants, the 104,000-square-foot portfolio spans three contiguous properties.
The industrial building features 18’ clear ceilings, seven dock doors and a new spec office that should be completed during the first quarter of 2026.
The exclusive leasing team for the project, JLL’s Sky Groden, SIOR; Ken Morris, SIOR; and Jeremy Cain, represented Bridge Industrial in the lease transaction. The tenant was represented by Rick Etner and Nicolas Reid of Cushman & Wakefield.
The site currently has a 42,992-square-foot office built in 1990 and a 67,350-square-foot office constructed in 1998.
Built in 1995, the warehouse was previously owned by Cabot Properties, which acquired it in 2019 for $33 million.
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.
