A long-standing 44,000-square-foot tenant at the 515,000-square-foot Lauderdale Lakes Industrial Park, which is managed and leased by Levy Realty Advisors, purchased the building.
The deal marks a 12,000-square-foot expansion.
The acquisition increases the company’s South Florida portfolio to 101 buildings totaling over 5.2 million square feet.
The tenant is a full-service moving, delivery, storage, and warehousing company.
Levy and Silberling represented landlords Gateway Park Holdings, LLC and West Atlantic Holdings, LLC in the two new industrial leases.
The property is located within Coral Springs Corporate Park.
The buyer, a local roofing and construction contractor, purchased the 1996-built facility for $4.5 million.
Commercial real estate veterans Todd H. Weaver and Franklin B. Morrison have joined forces to launch Weaver Morrison Commercial Real Estate.
Marketing materials for the second phase show that nearly 300,000 square feet at two of the future buildings is still available. The third, a 78,377-square-foot project, has been preleased.
The tenant is a startup company that expects to create 90+ new jobs in the region over the next five years. CLICK ON THE HEADLINE FOR MORE